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. Supervisory Board. As of 2020 it operates around 670 stores in 24 countries in Europe and Asia. Sysco Corp. approached Metro earlier this year about a potential takeover, Bloomberg has reported. Announcing the decision to promote then-CFO Olaf Koch to the position of chief executive back in 2011, wholesaler Metro said that the appointment symbolised a 'timely … He added: "The Supervisory Board is very grateful to Olaf Koch for his achievements for METRO. Koch added that he plans to actively support the transition period until the end of the year. Olaf Koch On Friday (21 August), Koch informed the … CEO The supervisory board approved the mutual termination of Koch's contract as of 31 December 2020 at an extraordinary meeting held yesterday (23 August). Click subscribe to sign up to ESM: The European Supermarket Magazine. Powered by Publisher Plus. Content ©2020 European Supermarket Magazine. / This site uses cookies to analyse traffic and for ads measurement purposes. Metro AG CEO Olaf Koch To Step Down At The End Of The Year. Payment details required during trial sign up. Metro AG is a German multinational company based in Düsseldorf which operates business membership only cash and carry stores primarily under Metro brand. “Stability is very important in times of COVID-19, so I want to make sure that the handover is as successful and smooth as possible. Try European Supermarket Magazine PREMIUM –. See Olaf Koch's compensation, career history, education, & memberships. The supervisory board “will deliberate on the matter shortly.”. His passion and vision, along with his impressive track record - he previously held senior roles at DaimlerChrysler, Mercedes-Benz, Permira and Hugo Boss - make him a … / Metro AG 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. Article by Dayeeta Das. If you continue after the trial period, then the annual rate of €109+VAT will be debited. The business has come under pressure in recent years amid increased concentration in Germany’s grocery landscape, with discounters Aldi, Lidl and Netto gaining market share. 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. German wholesaler Metro AG has announced that CEO Olaf Koch will step down from the position at the end of this year. 31 december 2020, Metro CEO expects less than 30 Real stores to be closed - letter. 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). 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. “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. 6 Jobs sind im Profil von Olaf Koch aufgelistet. You may cancel at any time up to the end of the 30-day trial period. He was responsible for turning the business by focusing on local needs and the expansion of services and implementation of digital solutions. The company’s presidential committee will start an orderly process under the leadership of the supervisory board Chairman to select a new CEO, Metro added. Sehen Sie sich das Profil von Olaf Koch auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. “Thanks to this positioning, the strength of our balance sheet and the commitment of our employees, especially in our stores, Metro has so far come through the difficult COVID-19 period in a reassuringly stable manner.". Safeguarding the interests of the company, employees and customers is the most important thing,” he explained. Have a confidential tip for our reporters? Koch joined the management board of the company in 2009 and was appointed as the CEO of Metro AG in January 2012. In recent years, Olaf Koch guided Metro AG's core business of professional wholesaling to HoReCa and independent traders. Olaf Koch is Chairman-Mgmt Board/CEO at Metro AG. On Friday (21 August), Koch informed the supervisory board of his decision to not renew his contract beyond 31 December 2020.
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