GERMANY: Lidl boss quits, group cites "irreconcilable" views
Disagreements on the future running of the business have seen Lidl chairman quit
According to a report carried by French publication LSA, which quotes a statement issued by Lidl-owner Schwarz Group, the partnership was terminated due to "divergent" views on the supermarket's future direction.
Holland had been chief at the firm since 2008. He had been with Lidl for 23 years.
"Mr. Karl-Heinz Holland and Lidl have agreed to end their collaboration due to divergent and irreconcilable views on the future strategic direction of the business," said the statement.
The group, however, thanked Heinz for his time with the supermarket. Schwarz said Holland had "contributed significantly" to the "transformation of Lidl".
- Nestle on China, candy, nutrition - analysis
- England child obesity plan should cheer industry
- Hain accounting issue rounds off problem year
- What lies ahead for Tyrrells and Amplify?
- Future trends in natural food to go mainstream
- Lotus Bakeries enjoys growth organically, via M&A
- Smucker cuts forecast as sales decline
- Unite outlines 2 Sisters stance on UK pizza site
- Nestle strengthens margins but net profit down
- Arla Foods to help Nigeria's dairy development