Board vote prompts Metro Group CEO to plan exit

After losing the support of Metro Group's supervisory board, CEO Dr Eckhard Cordes has chosen not to extend his contract at the world's fourth-largest retailer beyond next year.

UPDATE: GERMANY: Metro CEO Cordes received vote of no confidence

10 October 2011

Metro Group CEO Dr Eckhard Cordes received a vote of no confidence from the retailer's supervisory board, prompting his decision not to ask for a renewal of his contract, just-food understands.

GERMANY: Metro Group CEO Cordes to leave

10 October 2011

Metro Group CEO Dr Eckhard Cordes has announced he will leave the company next year, citing trust issues between himself and management.

GERMANY: Haniel U-turn on Metro CEO contract

20 September 2011

The largest shareholder in Metro Group has thrown its weight behind the German retailer's CEO Dr Eckhard Cordes, days after saying it did not want him to remain at the business beyond his current contract.