Penrhyn Strengthens Footprint in Central & Eastern Europe
Penrhyn International announced that through the newly established relationship between TheXecutives and existing German member LAB & Company, it has strengthened its footprint within Central and Eastern Europe, including Russia.
Following a successful period focusing on the Russian/CIS market, TheXecutives have joined forces with the LAB group structure, enabling both to strengthen the Vienna office, mutually benefiting from their widened regional expertise.
TheXecutives, managed by Dominik Sonnberger and Mladen Kasagic, have their key sectoral expertise within industrial and automotive, retail, logistics, utilities and FMCG and serve their clients from offices in Vienna and Moscow.
Penrhyn International Chair, Michael Herst, comments: “We welcome this new relationship between LAB & Company and TheXecutives, which reinforces our capabilities within Central and Eastern Europe and now gives us a strong presence in the Russian market, which is an obvious benefit for our international clients with requirements in this market.”
Frank Beyer, President, LAB & Company states: “Introducing TheXecutives into the existing LAB group structure provides a strong win-win for both organisations – combining our leading reputation in the German market with their significant expertise in Central and Eastern Europe”
Dominik Sonnberger, Managing Partner of TheXecutives comments: “Our deep knowledge of Central and Eastern Europe as well as Russia enables us to bridge cultural gaps. Joining forces with LAB and subsequently Penrhyn will benefit our domestic clients in their global expansion as well as LAB’s and Penrhyn’s clients in their expansion into Eastern Europe and Russia.