Metro Group has replaced four board members in its Makro UK cash-and-carry operations with consultants amid differences over the wholesaler’s strategy.
The German retail giant announced on Friday (10 June) that managing director Hannes Floto, finance director Stefan Hesse, customer director Mark Copeland and operations director Patrick Legro have left due to “differing views on the strategic direction of the company”.
Go deeper with GlobalData
Metro described the departures as being on “amicable terms with mutual agreement”.
They will be replaced by consultants from AlixPartners. Klaus Raettig becomes managing director, Jens Koeppen will be responsible for finance and Dan Murphy will lead assortment and stock management. Martin Shumacher will become responsible for operations.
Metro Group said that AlixPartners already supports Makro UK as an advisor in its restructuring activities and the new managers are “managers are well integrated in the activities and understand the challenges the company faces”.
See Also:
Remaining board member Huw Edwards will take on additional responsibilities as commercial director for offer, merchandising and marketing.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
