Frits van Eerd, the managing director of Dutch retail group Jumbo, has decided to temporarily step down from his role after careful consultation with his family and the supervisory board.
van Eerd said the move is in the interests of the Dutch retailer and also allows him to fully concentrate on his personal situation.
van Eerd Steps Down As Jumbo MD
In a statement, the van Eerd family, the supervisory board, and the management team have declared that they respect this 'courageous decision and wish him every support in the coming period.'
The move will result in a change in the management of Jumbo, the retailer noted.
Jumbo said it expects to be able to announce more about this in the near future.
Until that time, the daily operations of Jumbo are fully guaranteed by the management team, it added.
The retailer thanked all customers, colleagues, franchisees, suppliers, and other stakeholders for the support received for the family and the chain during this difficult period.
Increase In Turnover
In July of this year, the Dutch retailer reported a 1.6% increase in turnover in the first half of its financial year, to €5.46 billion, in what the group said was a 'turbulent' period.
Its La Place foodservice business saw a return to growth, contributing €51 million in sales – the business was impacted significantly by the COVID pandemic.
At that time, the retailer also said that it is 'sticking to its target' of achieving €10 billion in sales this year, despite the current market challenges.
© 2022 European Supermarket Magazine – your source for the latest retail news. Article by Conor Farrelly. Click subscribe to sign up to ESM: European Supermarket Magazine.