METRO GROUP supervisory board proposes Barry Callebaut CEO Jürgen Steinemann as the next board chair

Düsseldorf, Germany, 2015-8-7— /EPR Retail News/ — Düsseldorf-headquartered METRO GROUP is facing a change at the helm of its Supervisory Board: the three largest shareholders of the company, Haniel, Schmidt-Ruthenbeck and Beisheim, as well as the current Supervisory Board ofMETRO AG are backing the succession plan of Supervisory Board Chairman Franz Markus Haniel, who decided to step down from his office after the next Annual General Meeting in February 2016. Jürgen Steinemann, currently CEO ofBarry Callebaut, shall be proposed as his successor. Steinemann is to join the METRO AG Supervisory Board already in September 2015 since Dr. Wulf H. Bernotat decided to resign from his office as a Supervisory Board member.

The reappointment of the Supervisory Board Chairman is to be seen against the backdrop of Haniel’s stake reduction and the termination of the so-called pool agreement between shareholders Haniel and Schmidt-Ruthenbeck in October 2014. Under this agreement, both owner families had originally pooled their voting rights but then separated them again with the aim of simplifying and unbundling the holding structures. “Following the stake reduction and the termination of the pool agreement, I would like to open up the opportunity for putting the chair of the Supervisory Board into the hands of an independent, external representative”, said Franz Markus Haniel. “With Mr. Steinemann, we have found a highly competent and successful personality who will actively support the Management Board of METRO AG on the Supervisory Board and who can provide valuable impulses based on his vast experience”.

The Haniel Group will continue to be represented on the Supervisory Board of METRO AG by Dr. Florian Funck, CFO ofFranz Haniel & Cie. GmbH. “The history of Metro and Haniel has been closely intertwined for more than 50 years and nothing will change in this respect in the future”, said Haniel. “As a member of the Supervisory Board, Dr. Funck will continue to intensively work towards a successful further development of METRO GROUP together with the Management Board. In the same way, the Haniel Group will continue to be a shareholder of METRO AG also in the long-term perspective and thereby participate in the company’s success.”

Franz Haniel & Cie., in addition to Schmidt-Ruthenbeck and Beisheim, belong to the group of co-founders of Metro. The family equity company with head office in Duisburg has gradually reduced its roughly 34 per cent stake in the Düsseldorf-based retailing group and plans to further bring down its shareholding in the company to around 20 per cent until 2020 within the scope of an exchangeable bond. “At this size, the Metro stake will then have an appropriate weighting in the portfolio of Franz Haniel & Cie.”, said Haniel.

Haniel has served as Chairman of the Supervisory Board of METRO AG since April 2012 and already held this office before from 2007 to 2010. He plans to resign from the Supervisory Board with effect from the close of the Annual General Meeting of METRO AG in February 2016 and at the same time propose Steinemann as his successor.”Jürgen Steinemann has an impressive track record of 25 years in management positions at the key interfaces between manufacturers, suppliers and retailers worldwide”, said Haniel. “His sound international experience and entrepreneurial spirit will greatly benefit the Supervisory Board of METRO AG.”

Steinemann has been serving as CEO of Barry Callebaut, the world’s largest producer of chocolate and cocoa products based in Zurich, since 2009. He will retire from this function in late September 2015 as scheduled, but will remain associated with the company in the function of Vice Chairman of the Board. The 56 year-old manager is also non-executive member of the Board of Directors of Lonza Group AG, Switzerland. Before joining Barry Callebaut, Steinemann served in various management positions at Nutreco, Unilever and Eridania Béghin-Say.

Upon his court appointment, Steinemann shall succeed Bernotat, who has served on the Supervisory Board ofMETRO AG since 2003. “We thank Dr. Bernotat for his many years of dedicated and successful work on the Board”, said Haniel. “During his term of office he has accompanied and contributed to shaping significant changes at METRO GROUP.He was at all times a trustful advisor to the Management Board. The Supervisory Board and Management Board ofMETRO AG have greatly benefitted from his excellent management expertise”.

METRO AG will apply for a court appointment of Mr. Steinemann limited until the close of the Annual General Meeting on19 February 2016. The vote of the Annual General Meeting will then decide about his further membership on the Supervisory Board of METRO AG.

METRO GROUP is one of the most important international trading companies. In the financial year 2013/14, it generated sales of about €63 billion. The company operates around 2,200 stores in 30 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 Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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The Local Court in Düsseldorf appointed Gwyn Burr as member of the Supervisory Board of METRO AG

Düsseldorf, Germany, 2014-12-16 — /EPR Retail News/ — The Local Court in Düsseldorf appointed Gwyn Burr (51), former executive manager at Sainsbury’s, as member of the Supervisory Board of METRO AG. In this function, she succeeds Baroness Lucy Neville-Rolfe who had been appointed Undersecretary of State at the British Department for Business, Innovation & Skills in summer 2014 and therefore had to resign from her position on the Supervisory Board of METRO AG.

“Gwyn Burr is an acknowledged retail expert. Her more than 25 years of experience in top management positions with various British retail companies will be a very valuable addition to the Supervisory Board of METRO AG”, said Franz Markus Haniel, Chairman of the Supervisory Board of METRO AG.

Burr served on the Management Board of the British retailer Sainsbury’s PLC until April 2013 with responsibility for Marketing, Own Brands, Communication and CSR as well as Customer Service. Before that, she held various management positions with the Walmart subsidiary Asda. In addition, she holds non-executive board mandates with various British companies.

Gwyn Burr’s appointment by the Local Court will expire at the end of the annual general meeting of METRO AG scheduled for 20 February 2015. A continuation as a member of the Supervisory Board of METRO AG will be determined by vote of the general meeting.

METRO GROUP is one of the largest and most important international retailing companies. In the financial year 2013/14 it generated sales of around €63 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 Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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METRO AG extends contract of CEO Olaf Koch

Düsseldorf, Germany, 2014-9-25— /EPR Retail News/ — The Supervisory Board of METRO AG has, as expected, extended in today’s meeting the contract of the Chief Executive Officer Olaf Koch with unanimous vote. Koch’s current contract, which is running until September 2015, will be renewed until September 2018, the Duesseldorf based retailing and trading group announced on Wednesday.

“The Supervisory Board would like to thank Olaf Koch for his dedication and achievements in the past years,” said Franz Markus Haniel, Chairman of the Supervisory Board of METRO AG. “Under the leadership of Olaf Koch decisive measures for the new positioning of METRO GROUP have been taken. We increasingly see the success of the transformation and have full trust in Olaf Koch and his management team to continue successfully the path already taken.”

Olaf Koch started as Chief Financial Officer of METRO AG in 2009 and took over as CEO in January 2012. During his current term as CEO the sales lines of the company – METRO Cash & Carry, Media Markt, Saturn and Redcoon as well as Real and GALERIA Kaufhof – have been directed towards a stronger customer orientation as well as adapted to the changing environment due to the increase of online sales. Also the company started to consequently withdraw from business areas without sufficient income or growth potential.

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 Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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