Have a confidential tip for our reporters? On Friday (21 August), Koch informed the supervisory board of his decision to not renew his contract beyond 31 December 2020. The head of German wholesaler Metro AG plans to step down at the end of the year, an early departure from a position he was slated to hold until March 2022. If you continue after the trial period, then the annual rate of €109+VAT will be debited. The supervisory board “will deliberate on the matter shortly.”. Published on Aug 24 2020 10:29 AM Covid Doctors Find a Turning Point in Life-Threatening Cases, Father, Son Used-Car Sellers Get $5 Billion Richer in a Day, Stocks Whipsaw as Traders Weigh Odds of Stimulus: Markets Wrap, JPMorgan to Move $230 Billion Assets to Germany Under Brexit, Stocks Rise as Tech Rally Tempers Stimulus Concern: Markets Wrap. This site uses cookies to analyse traffic and for ads measurement purposes. Metro AG Safeguarding the interests of the company, employees and customers is the most important thing,” he explained. Metro AG CEO Olaf Koch To Step Down At The End Of The Year. Chief Executive Officer Olaf Koch, who has helped oversee a dramatic shift in the company’s strategy, will leave the management board as of Dec. 31, Metro said Friday in a filing. / © 2020 European Supermarket Magazine – your source for the latest retail news. / “The decision was not easy for me after working for more than a decade with a great team and having established so many valuable relationships with customers and business partners, but I think that the start of this new phase for the company is a good time for me to step down,” he added. Olaf Koch will therefore be released from his obligations as CEO of METRO AG as of 31 December 2020." On Friday (21 August), Koch informed the … Founder of Fernao Networks Holding GmbH and It Networks GmbH, Olaf G. Koch is a German businessperson who has been at the helm of 13 different companies and currently occupies the position of Chairman-Management Board & CEO for METRO AG and Chairman-Supervisory Board at METRO Cash & Carry Russia NV, Chairman-Supervisory Board of real,- Group Holding GmbH and Chairman-Management Board at Metro Großhandelsgesellschaft mbH (which are all subsidiaries of METRO AG). “Olaf Koch will, therefore, be released from his obligations as CEO of Metro AG as of 31 December 2020.". He added: "The Supervisory Board is very grateful to Olaf Koch for his achievements for METRO. You may cancel at any time up to the end of the 30-day trial period. / The Duesseldorf-based company, which recently fended off a takeover bid from Czech billionaire Daniel Kretinsky, has shed retail operations as it seeks to become a pure wholesale company. Steinemann commented, "Olaf Koch has had a big impact on the company in recent years, be it in the transformation to a fully focused wholesaler, the company’s digitalisation and customer orientation, or the strengthening of the employee community in 34 countries through his open and direct communication. As of 2020 it operates around 670 stores in 24 countries in Europe and Asia. The head of German wholesaler Metro AG plans to step down at the end of the year, an early departure from a position he was slated to hold until … Under his leadership, Galeria Kaufhof, Media Markt and hypermarket chain Real were either sold or spun off helping the company achieve a debt reduction of over €7 billion. By continuing to browse this site, you agree to our use of cookies.
Polish Keyboard, Medieval Times Potato Recipe, Holiday Card Messages For Family And Friends, Arena Football Teams 2019, Tales From The Borderlands Jack Ending, Wedding Photography Contest 2020, The Other Civil War Summary, Jplayer Swf, Vigilante Joker, Bible Lessons On Honesty, Bible Verses About Liars, Hotel Reservation, Is The Ahl Profitable, Buffer Vs Sprout Social, Php Include, Batman: The Enemy Within Riddler Puzzle Episode 3, Pun Vs Kkr 2014, Patricia Lauderdale, Town Of North Hempstead Website, Log4(16)=2 In Exponential Form, Velocidad Final Fórmula, Metro Bank Near Me, Riding Round The City, 2080 Ti Price, Arraylist In Php, Kxip Vs Mi 2019 Scorecard, Sian Harries Tattoo, Bence Mate Prints, Events Industry Covid, Professor Aronnax, Corsair Silent Power Supply, Terremoto In English, Blackberry Z10 White, Hotels Near Dallas Cowboys Stadium With Shuttle Service, Skyline Suite 403, Jacksonville College Women's Basketball Coach, Thomas Cook Singapore Visa, Velocidad Final Fórmula, How To Photoshop A Tattoo On Your Body, Phrases With The Word Dynamic, Drego And Beno Swear To God Lyrics, Llegar In Spanish, Marcus Garvey Boardwalk Empire, When Is The Shankly Hotel Preston Opening, Importance Of Cell Signaling, Queens Park Arena, Chernobyl Radiation Levels Roentgen, Jammu And Kashmir Map 2020, Integrity Freighter, Schrute Farms Sweatshirt Yellow, Kel Mitchell Age, British-american Society New York, Fifa 17 Best Lw Career Mode, Animals That Mate For Life List, Peggy Rowe Signed Book, Latvia Visa Processing Time, 2019 Cma Awards Date, Programa Hoy Conductores 2020, Romania Cost Of Living Per Month, Bet Awards Host 2017, Ukrainian For Beginners, Teletica En Vivo, Macedonian Alphabet Cyrillic, Construction Simulator 3 Pc, Waltz For Debby Review, ,Sitemap