The Importance of Broad Experience in Treasury with Jörg Pässler

I'm a big believer in the treasury team and that's why probably have a small team is broad experience. Mike. It's very important when somebody's been in a position for 20 years or in a team for 20 years, they all need different challenges. Right. And the thing about treasury is you've got a lot of disciplines. We've got debt, capital markets, we've got securitization, we've got cash management, we've got foreign exchange hedging, commodity hedging, interest hedging, cash management, we've got rating agencies, you've got revaluation models, you've got macro hedging, we've got credit rating, we've got insurance. So all of these disciplines within Treasury, I like to share across the team. So somebody who's been focused on one or two of these areas, I will say next year I want you to start getting involved in this and then they start involving for themselves that they get different experiences as we go. So growth potential, sharing the experience is critical and also keeps it fresh for everybody in a fairly small team.