Olaf Koch, CEO of German retail company Metro Group, is also becoming CEO and chairman of the executive committee of Metro Cash & Carry. On 31 March current director Frans Muller will abdicate in favour of Koch, in a move that points to a new focus of the group on its wholesale activities.
“Wholesale crucial to Metro Group”
Facilitating the management structure and having a more direct policy are the intentions of the reformation of management as announced by the Metro Group. As a result Metro Cash & Carry, the wholesale subsidiary of the retailer, will be under direct supervision of Olaf Koch, CEO of the whole company.
It also shows the importance Metro Group will be attaching to Metro Cash & Carry from now on. "Metro Cash & Carry is the engine and growth driver of the Group and its significance is now also reflected in the Management Board's new structure”, said Olaf Koch.
Metro will be saying goodbye to Frans Muller, who headed the wholesale department since 2002. Financial director Mark Frese will be taking over responsibilities of Olaf Koch concerning Galeria Kaufhof, Metro Properties and investment relations. Pieter Haas, new head of Media-Saturn and responsible for Business Innovation, will also be managing IT en Metro Systems.