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Germany’s Metro AG says it approves departure of CEO Koch by year-end | News

by scceu0464

by Thomson Reuters

FILE PHOTO: Olaf Koch, CEO of German wholesaler Metro AG poses for a picture before the company's annual shareholders meeting in Duesseldorf
FILE PHOTO: Olaf Koch, CEO of German wholesaler Metro AG poses for a picture before the company’s annual shareholders meeting in Duesseldorf

FRANKFURT (Reuters) – The supervisory boad of Metro AG on Sunday approved the decision by CEO Olaf Koch to quit the German retailer by the end of the year, the company said.

The group will start a structured process to look for a successor, it said.

(Reporting by Christoph Steitz; Editing by Frances Kerry)

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