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".
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H. J. Heinz Company - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, produ...
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Schwarz Gruppe is not just the driving force behind Lidl’s remarkable success story over recent years, but is also behind Kaufland – currently the most successful hypermarket business in the EU. The K...
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