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METRO CEO To Head Up Cash & Carry Business, 240 Jobs Cut

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METRO CEO To Head Up Cash & Carry Business, 240 Jobs Cut

Metro Group chief executive Olaf Koch will assume responsibility for the group's cash and carry business from 1 April 2013. Koch will head up Metro Cash & Carry when Frans W H Muller leaves the company on 31 March.

The German group said the move is a simplification of the its senior management and underlines the high strategic significance of the cash and carry business. Franz Markus Haniel, chairman of the group's supervisory board, said the company owes a lot to Muller and emphasised the strategic impact of this structural change in the company's top management, "Metro Group is the engine and growth driver of the Group and its significance is now also reflected in the management board's new structure. By combining the management of the Group and that of its main sales line, we are streamlining our decision-making processes and creating a more direct management structure.”

Due to Koch's new responsibilities, further functional responsibilities will be divided within the group's management board. Chief financial officer Mark Frese will now assume responsibility from Koch for Galeria Kaufhof, the real estate entity Metro Properties and investor relations, while CHRO Heiko Hutmacher will be responsible for group internal audit. Pieter Haas, the new management board member for Media-Saturn and business innovation, will take board responsibility for IT and thus Metro Systems, formerly the remit of Mark Frese.

Metro Group also announced 240 job cuts in the Metro Cash & Carry division in Germany during 2013. However, the cuts will be made by natural wastage, primarily through leaving unfilled the positions of retirees. (19 March)

© 2013 - ESM: European Supermarket Magazine by Sadhbh Connor

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