Metro Group has announced a new finance director at its Makro UK cash-and-carry operations.
Jens Koeppen, a specialist in operational and financial restructuring, according to the company, will begin his role in February. Metro also announced the exit of restructuring specialists Alix Partners, which was brought in in June after a number of senior execs left over “differing views on the strategic direction of the company”. The company made the management changes in a bid to halt a slowdown in sales.
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Klaus Raettig, Martin Schumacher and Dan Murphy from Alix relinquished their board positions on Friday (13 January).
MD Juergen Schwarze said: “The appointment of Jens Koeppen to the board and the departure of Alix Partners signals a new era for Makro UK. Following an intensive period of restructuring, the business is in a much stronger position than it was six months ago and we can continue returning Makro UK to its position of strength with a renewed sense of determination.
“I would not only like to thank Alix Partners for their support during the past six months, but also the continued commitment and support of our customers, colleagues and suppliers as we progress through our transformation.”
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