To conclude this year's Performance Management & Strategy Execution lecture, Dr. Dieter Kahling, Corporate VP Group Financial Controlling at Henkel, held a guest lecture on the change in corporate culture under the former CEO Kasper Rorsted and Henkel's subsequent improvement in operational and financial performance. With various examples Dr. Kahling demonstrated how a rigorous execution of the new strategy enabled Henkel to evolve from the "happy underperformer" to market leader positions and further pointed out current challenges in Henkel's strategy.

We would like to thank Dr. Dieter Kahling for visiting our Chair and for sharing his experiences of more than fifteen years at Henkel! We would also like to thank all participants of the course for the lively discussion and Q&A.