Borco establishes dual leadership with two MDs

Family-owned German spirits firm Borco has appointed two managing directors to drive the growth of its national and international business.

Left to right: Kay Engelke-Engfeld and Markus Kohrs-Lichte

As managing director for Germany and Austria, Markus Kohrs-Lichte will have responsibility for Borco’s entire business in Germany and Austria. Kohrs-Lichte previously worked as general manager of sales at Borco, a role in which he restructured the firm’s sales team and established the area of new retail/e-commerce.

Kay Engelke-Engfeld will assume the role of managing director of Borco’s global business and will manage the group’s export and travel retail arms. He previously had responsibility for export in his most recent position as international business development director at Borco.

Both managing directors have been appointed following the departure of CEO Markus Kramer earlier this year.

“By appointing Markus Kohrs-Lichte and Kay Engelke-Engfeld as managing directors we are able to establish a dual leadership with two experienced personalities, who have been enjoying our full trust for years and have been contributing to the national as well as international business significantly,” said Tina Ingwersen-Matthiesen, member of Borco’s founding family.

Borco has also established a four-person advisory board to support the new MDs.

Chairman Uwe Matthiesen and Bernd Matthiesen will move from the management board to the advisory board, where they will be joined by Jens Matthiesen and lawyer Ulf Renzenbrink.

“The corporate governance structure of a dual leadership and an advisory board enables us to further strengthen Borco as an independent, dynamic family business in our domestic market and abroad,” continued Ingwersen-Matthiesen

“Additionally, it offers us a great possibility to further expand our premium portfolio. The Matthiesen family is convinced that the restructuring of the company’s management puts Borco in an excellent position for the future.”