Jonathan Puehl

Creating long-term value through operational excellence - | Operating Partner

Germany

About

Experience

  • Managing Director at Emde Solingen GmbH
    Aug 2025 - Present · 11 mos

  • Operating Partner at Lucem Capital Management
    Jun 2024 - Present · 2 yrs 1 mo

    Lucem Capital is a family office specializing in majority investments in small and mid-sized companies across the DACH region, creating long-term value through succession solutions and hands-on operational transformation

  • Sales & Marketing Director, Executive Board Member at Makro Nederland
    Jan 2022 - Jun 2024 · 2 yrs 6 mos

    As part of the Executive Board engaged in transforming MAKRO Cash & Carry (€1bn sales) towards a multi-channel wholesale model, away from a mere traditional brick & mortar approach

  • VP Restructuring, Netherlands & Belgium at METRO AG
    Jan 2021 - Dec 2021 · 1 yr

    Led strategic assessment for MAKRO Belgium and Netherlands, resulting in exit of Belgium and value creation plan for the Dutch business (combined sales of €1.7bn)

  • METRO AG (6 yrs 1 mo)
    • Value Creation Director, Classic Fine Foods / Singapore
      2017 - 2020 · 3 yrs

      - Expat assignment to professionalize operating SME and to accelerate post-merger integration following acquisition of METRO from EQT (c.$300m sales operating across 13 countries) - Completed warehouse upgrades in key markets; upgraded warehouses and installed new IT infrastructure - Served as interim CFO in 2018 following changes in mgmt. team

    • Value Creation Manager, Cluster of Spain & Portugal
      2015 - 2017 · 2 yrs

      - Value Creation Manager in the Cash & Carry cluster of France and Iberia with the main responsibility of restructuring the Portuguese business with sales of c. €350m

    • M&A Associate
      2014 - 2015 · 1 yr

      - M&A Associate supporting Metro Cash & Carry in the development and deployment of its food service delivery strategy (deal sourcing, due diligence and execution)