Metro Group’s vice chairman Thomas Unger is leaving the company’s management board effective 30 September 2010.

The management board will be downsized from five to four members and the responsibilities will be reassigned.

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From October, Metro Group CEO Dr Eckhard Cordes will be responsible for Media Markt and Saturn as well as internal audit and CFO Olaf Koch will become responsible for Galeria Kaufhof.

Frans Muller will assume responsibility for the group’s real estate segment.

Unger joined the group as a member of the company’s management board in 2002 and was responsible for Corporate Finance, Planning and Controlling, Account Processing, Corporate Accounting, Risk Management, Del Credere/Collection, Tax and Insurance. Since February 2008 his duties were extended to include the Real Estate segment. In August 2009, the Supervisory Board appointed him Vice Chairman of the Management Board of METRO AG.

 

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