Dutch CEO at Media-Saturn under pressure from founder | RetailDetail

Dutch CEO at Media-Saturn under pressure from founder

Dutch CEO at Media-Saturn under pressure from founder

Even though Media Saturn's CEO Pieter Haas has only been on his position since 2014, he is already under tremendous pressure as founder and minority shareholder Erich Kellerhals is using judicial means to relieve him from his duties.


Kellerhals had already tried to get him relieved 6 months ago (a claim which the judge dismissed), but now the case has moved to another court in Ingolstadt. The minority shareholder is not satisfied with the company's course and has also opposed the CEO's position in the parent company's board, namely Metro Group.


Both men have vastly different opinions on the company's future, mainly on its expansion and online activities. Haas reproached Kellerhals of standing in the way of innovation. With 22 % of the company's shares, Media Markt-Saturn's founder only has a minority stake, but he maintains his veto power.


Haas became the new CEO when Horst Norberg, whose contract would have ended this year, terminated his contract prematurely.

Questions or comments? Please feel free to contact the editors

Media Saturn launches first checkout-free store in Austria


Saturn has opened Europe’s first checkout-free electronics store in Austria. The former Metro Group chain offers its customers traditional sales assistance, but payments have to happen using an app.

Media Markt unifies its online and offline pricing


Ceconomy will create uniformity between Media Markt and Saturn’s online and offline pricing. This will be possible thanks to the digital price tags it now uses in the stores, because there can be altered in real-time.

Smartphone sales drop for the first time ever


2017 may have been a record year for smartphone sellers, but the market is weakening: for the first time since 2004, there were fewer smartphone sales in the fourth quarter.

Merger paid off for Fnac Darty


French entertainment and electronics retailer Fnac Darty (owner of Belgian chain Vanden Borre and Dutch BCC) has experienced a “solid 2017”, with a nearly 40 % turnover increase.

Ceconomy finds growth online


Ceconomy, Media Markt and Saturn’s parent company, revealed a small turnover growth for its first quarter, thanks to improved online sales. Expectedly, its profit did drop.

Insurance company becomes second largest Fnac-Darty shareholder


There has been yet another thorough shake-up among Fnac Darty’s shareholders. The merger company, which owns Belgian electronics chain Vanden Borre and Dutch retailer BCC, will now welcome insurance company SFAM, after it bought investment fund Knight Vinke’s shares.

Back to top