• Joint venture’s former CEO moves on quickly and secures advisory roles at Oliver Wyman and INKEF.
  • Procurement know-how leveraged alongside telco experience.

BuyIn’s Pyrtek heads into consulting

BuyIn’s Pyrtek heads into consulting

Source: Oliver Wyman

Volker Pyrtek, who left his position as Chief Executive (CEO) at Deutsche Telekom-Orange procurement alliance BuyIn this month, was appointed to two Senior Advisor positions at Oliver Wyman Consulting and INKEF Capital.

At Oliver Wyman, a New York-based management consultancy, he will advise corporates and institutions on procurement and strategic sourcing in the European telecoms and IT industries.

Pyrtek, who was Deutsche Telekom’s Chief Procurement Officer before founding BuyIn, was described as a “proven procurement expert” by Oliver Wyman Value Sourcing Partner Xavier Nouguès.

At the same time Pyrtek has joined Dutch venture capitalist INKEF, which specialises in early-stage startups with a technology focus and penchant for the healthcare vertical.

INKEF has 35 portfolio companies and five exits, investing from a €500m fund. In the last two months it led a €2.6m Series-A call in global payments technology provider Silverflow, and co-led a €26m Series-A round in meditech platform provider Salvia BioElectronics.

Moving on from telecoms

Pyrtek’s new roles signal a broadening focus beyond telecoms, with both seemingly leveraging his procurement and strategic sourcing pedigree above his experience in the telecoms industry.

He was not telecoms-focused before joining Deutsche Telekom in 2002, having founded business-to-business e-auction platform Goodex (subsequently sold to buying software player Ariba — and now part of SAP). Previously, he had spells at bond broker Spütz and Bayer Group, working in several positions across engineering and logistics.

Pyrtek left BuyIn on 1 October, to be succeeded by Vice-President of IT Béatrice Felder. Now inaugurated, Felder told TelcoTitans she would focus the alliance on “digitalisation, automation, and innovation” while bolstering supply chain resilience (Deutsche Telekomwatch, #97 and #99).