Baroness Neville-Rolfe joins British government and therefore resigns fromMETRO AG’s Supervisory Board
- Neville-Rolfe appointed Parliamentary Under Secretary of State at the British Department for Business, Innovation and Skills
- Ministerial appointment required resignation from Supervisory Board ofMETRO AG
Düsseldorf, Germany, 2014-7-25 — /EPR Retail News/ — Baroness Lucy Neville-Rolfe has been appointed Under Secretary of State at the British Department for Business, Innovation and Skills and therefore had to tender her resignation from the Supervisory Board of METRO AG.
“We warmly congratulate Baroness Neville-Rolfe on her ministerial appointment and wish her every success in this new duty”, says Franz Markus Haniel, Chairman of the Supervisory Board of METRO AG. “Baroness Neville-Rolfe has very constructively contributed to the work of the Supervisory Board. Her vast retailing expertise was a great asset. We thank her for her dedicated work and regretfully accept her resignation from the Board which became necessary with her ministerial appointment”.
The Supervisory Board’s Nomination Committee will initiate the search for a successor at short notice. Neville-Rolfe had been appointed to the Supervisory Board of METRO AG in May 2013.
METRO GROUP is one of the largest and most important international retailing companies. During the financial year 2012/13 (pro forma), it generated sales of about €66 billion. The company operates around 2,200 stores in 31 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments:METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Marktand Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.