METRO Cash & Carry partners with UN’s World Food Programme (WFP) to combat hunger around the world

Düsseldorf, Germany, 2016-Jul-12 — /EPR Retail News/ — METRO Cash & Carry has entered into a global partnership with the World Food Programme (WFP), the United Nations agency mandated to combat hunger around the world. This is an opportunity for METRO to help WFP advance towards the second of the UN’s Sustainable Development Goals: to “end hunger, achieve food security and improved nutrition, and promote sustainable agriculture by 2030”.

The global partnership between METRO and WFP relies on three pillars: empowering customers to donate, engaging employees in fundraising, and sharing expertise between the two organisations. Specific activities and campaigns will be developed for METRO Horeca customers (restaurant and catering professionals).

The partnership grew out of a successful four-year-old collaboration between WFP Italia – the Italian non-profit organisation supporting the World Food Programme – and METRO Cash & Carry Italy. Following this example, METRO and WFP will now enter into a globally planned, locally implemented partnership. It will be gradually implemented in selected countries and allow for country-specific fundraising activities.

“We are proud to be partnering with WFP. This cooperation will enhance our strategy for corporate social responsibility and our commitment to corporate citizenship issues,” said Heiko Hutmacher, Member of the Management Board and responsible for sustainability at METRO AG.

Mr Hutmacher was speaking in Munich at the launch of WFP’s Innovation Accelerator, which harnesses ideas and solutions and scales them up to achieve zero hunger.

“The partnership also highlights the need for innovation in the field of sustainability,” Mr Hutmacher added. With its Innovation Accelerator, WFP is demonstrating how it will use new ideas and technologies to achieve its goal of ending hunger. We feel that this message complements our own corporate strategy and are eager to support WFP in their initiative.”

“The partnership between WFP and METRO Cash & Carry shows us how business and the UN family can team up to pursue vital global goals,” said Jay Aldous, Director of Private Partnerships at WFP. “With its global market reach and deep consumer insights, METRO Cash and Carry can contribute to achieving a world where food is accessable and affordable for all. We are excited by this opportunity to join forces on a global level and explore common solutions to achieving a world with zero hunger.”

METRO Cash & Carry is represented in 25 countries with over 750 self-service wholesale stores. With a headcount of about 110,000 employees worldwide, the wholesale company achieved sales of around €30 billion in financial year 2014/15. METRO Cash & Carry is a sales line of METRO GROUP. METRO GROUP is one of the largest and most important international retail companies. In financial year 2014/15, it generated sales of around €59 billion. The company operates over 2,000 stores in 29 countries and has a headcount of more than 220,000 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; and Real hypermarkets. For more information, visit www.metrogroup.de

WFP is the world’s largest humanitarian agency fighting hunger worldwide, delivering food assistance in emergencies and working with communities to improve nutrition and build resilience. Each year, WFP assists some 80 million people in around 80 countries. For more information, visit: www.wfp.org

Media contacts:
Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001
E-Mail METRO GROUP: presse@metro.de

Source: Metro Group

METRO Cash & Carry to grant its national subsidiaries more entrepreneurial freedom and will implement new organisational structure starting on 1 July 2015

  • New Operating Model strengthens the responsibility of national subsidiaries and replaces METRO Cash & Carry Board with team of Operating Partners
  • Decentralisation of operational functions
  • Olaf Koch: “Value is created with the customer, and the new model will make us quicker, more streamlined and more dynamic”

Düsseldorf, Germany, 2015-5-9 — /EPR Retail News/ — METRO Cash & Carry will grant its 26 national subsidiaries more entrepreneurial freedom in the future and has adapted its organisational structure for this purpose. While the national management will be given greater responsibility for operational functions, the headquarters is changing its management structure: in place of the currently nine-person METRO Cash & Carry Board – the so-called Extended Management Board, soon a team of ten Operating Partners will be overseeing two to three countries each, so their day-to-day activities will be focused much more sharply on the respective customers and the local demand. The new organisational structure will be gradually implemented starting on 1 July 2015.

“Value is created locally, in the markets and with the customers, which is why we are now giving a further boost to local responsibility and entrepreneurial freedom,” said Olaf Koch, CEO of METRO AG. “We have already decentralised decision-making in recent years, strengthening the role of the national managers. As a next step, we want to achieve an even more powerful structure, with faster decision-making channels and, above all, with national managers who think and act as entrepreneurs, and who will hold considerably more sway in running their business.”

An Operating Board will replace the current Extended Management Board of METRO Cash & Carry with the goal of supporting the development of the national markets with a much more operational focus. Heading up this management group as CEO from 1 October 2015 will be Pieter Boone, who has been managing one of the most successful national subsidiaries, METRO Cash & Carry Russia. As reported earlier this week, Olaf Koch, who has acted as CEO of METRO Cash & Carry as well as CEO of the METRO GROUP since 2013, will pass on the ad interim role of METRO Cash & Carry CEO to Pieter Boone in order to focus fully on managing the parent company as CEO of METRO AG.

Olaf Koch said: “We are on the right track. Thanks to the direction we have set and initiatives we have introduced over the last two years, we have now recorded like-for-like growth at METRO Cash & Carry for seven successive quarters. The new Operating Model should accelerate this positive trend. With the new Operating Model, we take a logical step in giving the national Managing Directors greater entrepreneurial freedom. While we still want support from the headquarters, ‘one-size-fits-all’ central directives are not effective in the local markets. In the future, we will be able to respond to local demand and special customer requirements much more quickly and therefore increase our growth potential.”

Essentially, the newly developed Operating Model, which will be implemented within the next 18 months, consists of the following elements:

  • The Managing Directors of the national subsidiaries will be granted considerably more entrepreneurial freedom, for example, in marketing or store operations and will work according to a Value Creation Plan. Their performance-related bonus payment will depend solely on the performance of their respective markets.
  • An Operating Partner with a small team of experts will support each national Managing Director and their top-level management in the operation and continued development of the local METRO Cash & Carry business.
  • Some country divisions will take over the responsibility for certain operational disciplines and will support all other countries in this function (“Federation Model”); for instance, the operational competency for the hotel, restaurant and catering business (“HoReCa”) will be given to France; the respective function will thus be moved from the Düsseldorf headquarters to Paris.
  • The functions HR, IT / IM and finance will be further managed in Düsseldorf; the responsible Officers are called “Functional Partners”; together with the Operational Partners and the CEO, they represent the highest leadership body of METRO Cash & Carry.
  • Strict METRO AG governance functions such as Accounting, Audit, Compliance, Controlling, Legal or Tax will also remain as they are.

Due to the new organisational model, there also will be a reduction in the headcount of the Düsseldorf headquarters as responsibilities will be moved to the countries. This process will be done in close collaboration with the Works Council. However, from an organisation-wide perspective, there will be no job losses.

The METRO GROUP is a leading international retail and wholesale company. In the 2013/14 business year it generated sales of around EUR 63bn. The company is active at roughly 2,200 locations in 30 countries and has around 250,000 employees. The performance of the METRO GROUP is based on the strength of its sales brands, which carry out their market activities independently: METRO/MAKRO Cash & Carry – international leaders in the cash & carry business; Media Markt and Saturn – European market leaders in electrical retail; Real hypermarkets and Galeria Kaufhof department stores.

METRO Cash & Carry appoints Pieter Boone as its new CEO

Düsseldorf, Germany, 2015-5-6 — /EPR Retail News/ — Following the successful first phase of METRO Cash & Carry’s repositioning, the international wholesale group is now getting a new CEO: Olaf Koch, currently CEO of METRO Cash & Carry as well as Chairman of the Management Board ofMETRO AG, will focus solely on his role as head of the whole group in the future. Following Koch’s recommendation, the Supervisory Board of METRO AG has now appointed the current Managing Director of METRO Cash & Carry Russia,Pieter Boone, as his successor. Dutch-born Pieter Boone will also join the Management Board of METRO AG, becoming the fifth member alongside Olaf Koch (CEO), Mark Frese (CFO), Pieter Haas (Media-Saturn) and Heiko Hutmacher(Human Resources). Boone will start in his new position as Member of the Management Board of METRO AG on July 1st and will lead METRO Cash & Carry together with Olaf Koch as Co-CEO until the end of the business year. New Managing Director of METRO Cash & Carry Russia will be the current Offer Management Director, Boris Minialai.

“Over the last two years we have introduced numerous measures to get METRO Cash & Carry ready for future growth”, said Olaf Koch. “Now, after seven quarters of successive like-for-like growth, we are seeing the fruits of our labours. It is therefore the right moment to hand over responsibility for METRO Cash & Carry to someone who can dedicate themselves entirely to our crucial wholesale business, and who also brings valuable experience at the company.” Around two years ago Olaf Koch took on the position as CEO of the wholesale subsidiary METRO Cash & Carry on an interims base alongside his role as CEO of METRO AG. Since then, numerous strategic initiatives and structural changes have been introduced at the leading international wholesaler. For instance, the delivery business has undergone major expansion, the country portfolio has been streamlined by exiting unprofitable markets, and the brand profile has been sharpened.

“Pieter Boone has achieved great things at METRO in recent years, proving that he has a wealth of operating experience and strategic foresight. His work is highly focused on objectives and customers; he cultivates close relationships with both the market and his shareholders; and above all he is someone who lives our leadership principles”, Koch added. “I have taken a great deal of pleasure from my position at METRO Cash & Carry, but a double role can only be performed on an interim basis, and Pieter Boone will now be able to dedicate himself entirely to the task. I know that with him the job is in the best hands. The Management Board and Supervisory Board of METRO AG wish him all the best in his new role.”

Pieter Boone began his management career at SHV MAKRO Cash & Carry in 1992 and has since performed various roles in MAKRO’s Asian and South American business, including Managing Director of MAKRO in Peru, the Philippines and Malaysia or Operations Director in Indonesia and Thailand. In 2011, the Dutch-born manager joined METRO GROUP and was assigned as Operations Director at METRO Cash & Carry Russia, where he took over the role of Managing Director in March 2012.

“I am grateful for the trust and confidence shown in me and thankful for the opportunity given to work as CEO ofMETRO Cash & Carry and Member of the Board of METRO AG,” said Boone. “The position as CEO brings many challenges and a great deal of responsibility. I am looking forward to continue the journey started by Olaf Koch and the colleagues as well as to new challenges. I am excited to work with the excellent team of METRO Cash & Carry and the Operating Board – our business is people business.”

Pieter Boone’s successor as Managing Director of METRO Cash & Carry Russia will be Boris Minialai, currently Offer Management Director at the Russian subsidiary. French-born Boris Minialai has been a member of theMETRO Cash & Carry Management Board since December 2014 and was previously Operations Director for the wholesale business in Turkey and Morocco. Minialai came to METRO from the French retailer Carrefour in 2008. His successor as Offer Management Director at METRO Cash & Carry Russia will be Ewa Jankowiak, who currently is in the position of the Deputy Offer Management Director Food.

The METRO GROUP is a leading international retail and wholesale company. In the 2013/14 business year it generated sales of around EUR 63bn. The company is active at roughly 2,200 locations in 30 countries and has around 250,000 employees. The performance of the METRO GROUP is based on the strength of its sales brands, which carry out their market activities independently: METRO/MAKRO Cash & Carry – international leaders in the cash & carry business; Media Markt and Saturn – European market leaders in electrical retail; Real hypermarkets and Galeria Kaufhof department stores.

METRO GROUP achieved its sales and profit targets for the financial year 2013/14

  • Sales and EBIT guidance achieved in the financial year 2013/2014
  • Proposed dividend of €0.90 per ordinary share
  • Q1 2014/15: sales adjusted for portfolio changes and currency effects rose by 2.6%; EBIT before special items exceeds exchange-rate adjusted EBIT for previous year
  • Forecast 2014/15: exchange-rate adjusted sales and profits expected to continue increasing
  • New target: by 2017, METRO GROUP aims to fill 25% of management positions, including at Management Board level, with women
  • Supervisory Board: retail expert Gwyn Burr proposed for election

Düsseldorf, Germany, 2015-2-20 — /EPR Retail News/ — At today’s Annual General Meeting of METRO AG, the Chairman of the Management Board Olaf Koch gave investors a positive account of the Düsseldorf-based retail company for financial year 2013/14. “We constantly work to improve the range of products and services offered by each sales line and to make them more attractive – with increasing success. Thus we create unique value added for our customers”, Koch said. “The dynamic growth of our online and delivery business has contributed to this positive business development, as have the many creative campaigns to mark the 50th anniversary of METRO Cash & Carry. Furthermore, we have made clear progress in reducing our debt and optimising our portfolio. To continue this positive development, we will intensify METRO GROUP’s transformation process even further in 2014/15.”

METRO GROUP had achieved its sales and profit targets for the financial year 2013/14: EBIT before special items reached €1,727 million and sales adjusted for portfolio changes and currency effects rose by 1.3%. By reducing net debt by €736 million, METRO GROUP materially strengthened its economic substance. To allow its shareholders to benefit from the positive business development too, a dividend of €0.90 per ordinary share will be proposed to today’s Annual General Meeting.

Good start to the financial year 2014/15

In the first quarter of the current financial year, METRO GROUP saw growth in operating business: adjusted for currency and portfolio effects, group sales rose by 2.6%. Reported sales declined by 2.2% to €18.3 billion. This decline is due mostly to the sale of Real in Eastern Europe as well as to significant negative currency effects in large parts of Eastern Europe, particularly Russia and Ukraine. On a like-for-like basis, sales increased markedly by 2.1%. At €1,024 million, EBIT before special items was only down on the previous year (Q1 2013/14: €1,073 million) as a result of negative currency effects amounting to €60 million. METRO GROUP also continued to markedly strengthen its balance sheet: year-to-year, net debt declined by around €900 million to just €1.5 billion, the lowest level in more than 10 years.

For the financial year 2014/15, METRO GROUP expects to see a slight rise in overall sales, despite the persistently challenging economic environment. In like-for-like sales, METRO GROUP foresees a slight increase that will follow the 0.1% gain in the previous year. METRO GROUP expects EBIT before special items adjusted for currency effects to rise slightly above the €1,727 million produced in the financial year 2013/14, including typical levels of income from real estate sales. The METRO GROUP forecast is based on the current group structure and refers to currency-adjusted figures. In addition, it is based on the assumption of an unchanged geopolitical situation compared to the last reporting (Annual Report 2013/14).

New target to encourage women into management positions

In order to further increase the share of women in management positions, METRO GROUP has updated its self-imposed commitment in this regard and adjusted the existing target: By 2017, 25% of management executives on levels 1 to 3 should be women. For the Management Board of METRO AG, the Supervisory Board passed a resolution for a target of the same level at the instigation of the Management Board. Currently the quota of women who are working at METRO GROUP’s management levels 1 to 3 is at 18.5%. “A diverse composition of personnel is decisive for the success of our company. We are focusing on long-term, trusting relationships with our customers, who are just as diverse as our employees,” emphasised Heiko Hutmacher, Chief Human Resources Officer and a Member of the Management Board of METRO AG. “Diversity and thus also an adequate women quota must therefore be reflected in all areas of our company – and especially in the top positions.” The Supervisory Board of METRO AG also increased its own targets: Following the Annual General Meeting in 2016, women and men should each make up at least 30% of representatives on the Supervisory Board. The minimum requirement should be fulfilled by representatives of both shareholders and employees.

Supervisory Board elections

The agenda for today’s Annual General Meeting includes an election for an additional member to the Supervisory Board. Gwyn Burr, former executive manager at British retail chain Sainsbury’s, is set to be elected to the Supervisory Board of METRO AG for the first time. Burr joined the Board by court appointment at the end of December 2014. Her appointment expires at the end of the Annual General Meeting. She will thus complement the shareholder representatives as successor to Baroness Lucy Neville-Rolfe. The Annual General Meeting will now take a decision on Burr’s continued service on the Supervisory Board.

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 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.

###

METRO GROUP achieves sales target for the entire financial year 2013/14

  • Sales at METRO GROUP climbed by 1.3% in financial year 2013/14 after adjustment for portfolio changes and currency effects
  • Like-for-like sales increased by 0.1% after totalling -1.3% in the previous year; sales guidance achieved
  • Q4 2013/14: all sales lines generated higher like-for-like sales; considerable trend improvement at Media-Saturn
  • Earnings outlook confirmed
  • METRO GROUP’s Christmas business gets off to a confident start

Düsseldorf, Germany, 2014-10-21— /EPR Retail News/ — According to preliminary and unaudited figures, METRO GROUP increased its sales by 1.3% in financial year 2013/14 adjusted for portfolio and currency effects. The company’s like-for-like sales also rose slightly by 0.1%, compared with -1.3% in the previous year. In generating this gain, the Düsseldorf-based retailing company achieved its sales target for the entire financial year. In Q4 2013/14, like-for-like sales even increased by 0.7%. “We succeeded in improving our like-for-like sales in recent quarters”, said Olaf Koch, Chairman of the Management Board of METRO AG.”During Q4 in particular, we saw a strong trend improvement and increased like-for-like sales in every sales line. This is a clear reflection of our successful strategic transformation, a process we continued to energetically implement during this quarter. On the basis of our performance, we also confirm our outlook for EBIT before special items1. In addition, with these positive results we have further strengthened our financial power.”

Reported sales of METRO GROUP totalled €63.0 billion in financial year 2013/14. Adjusted for the disposal of company operations – particularly Real’s complete Eastern European business – sales declined by 1.1% compared with last year. Furthermore, exchange rates moved in a particularly negative direction during financial year 2013/14. Added together, portfolio and currency effects caused sales to fall by 4.0%. But adjusted for the portfolio changes and exchange rate developments, sales of METRO GROUP rose sharply by 1.8% in Q4. Reported sales in Q4 totalled €15.1 billion (Q4 2012/13: €15.5 billion).

During Q4 2013/14, METRO GROUP extensively expanded its business operations in the strategic growth areas of multichannel retailing, delivery, franchise activities and own brands. In the process, it solidified its market position and raised its level of relevance to customers in many countries. With Christmas approaching,METRO GROUP is well prepared and optimistically entered the current quarter.

METRO GROUP also has made further progress in its work to optimise its portfolio: the company expects the agreement to sell its wholesale business in Vietnam to take effect during the first half of 2015. The company also generated a considerable profit when it sold its stake in the British wholesale company Booker. Both steps will serve to reduce the company’s net debt and also create additional flexibility for further expansion in Eastern Europe and Asia as well as for investments in the transformation of its sales lines. In addition, METRO GROUPannounced in October 2014 that METRO Cash & Carry would withdraw from Denmark.

METRO GROUP 2
2012/13
2013/14
Q4 2012/13
Q4 2013/14
Sales (€ billion)
65.7
63.0
15.5
15.1
Change (in €)
-1.4%
-4.0%
-2.2%
-2.6%
Change (in local currency) 3
-1.7%
-0.2%
-0.9%
Like-for-like 3
0.1%
-0.3%
0.7%

Sales development of the sales lines in financial year 2013/14

METRO Cash & Carry
Like-for-like sales of METRO Cash & Carry rose in Q4 2013/14 for the fifth consecutive time. During September, in particular, the activities related to the 50th anniversary of the wholesale subsidiary had a positive effect. The previous year’s high sales level was almost reached in Germany. While business development in Western Europe declined in Q4, like-for-like sales continued to rise in Eastern Europe and Asia. Sales development in Russia remained very positive. By contrast, sales in Ukraine fell sharply in the wake of the crisis. Within Asia, sales in India recorded a particularly strong increase. As a result of portfolio adjustments and negative currency effects, total sales at METRO Cash & Carry declined by 2.1% during financial year 2013/14.

METRO Cash & Carry
2012/13
2013/14
Q4 2012/13
Q4 2013/14
Sales (€ billion)
31.2
30.5
7.8
7.6
Change (in €)
-1.4%
-2.1%
-0.4%
-2.1%
Change (in local currency) 3
2.0%
2.7%
0.9%
Like-for-like 3
1.0%
0.9%
0.1%
Media-Saturn
Media-Saturn generated sales of €21.0 billion during financial year 2013/14(2012/13: €21.1 billion). In Q4 2013/14, Media-Saturn produced a strong trend improvement with like-for-like sales growth of 1.8%. Sales rose significantly both in Germany and internationally due to the successful development of the stationary retail business as well as the rise in Media-Saturn’s multichannel sales. Like-for-like sales in its home market of Germany increased by 1.4%, due in part to successful marketing campaigns. In Western Europe, sales developed also positive. In Eastern Europe, the sales line generated double-digit growth rates in local currency in nearly all countries. The highest sales growth was generated in Hungary and Russia.
Media-Saturn
2012/13
2013/14
Q4 2012/13
Q4 2013/14
Sales (€ billion)
21.1
21.0
4.8
4.9
Change (in €)
0.8%
-0.3%
-0.1
3.1%
Change (in local currency) 3
0.9%
1.0%
3.9%
Like-for-like 3
-0.9%
-1.9%
1.8%

Real
Real generated sales of €8.4 billion during financial year 2013/14(2012/13: €10.4 billion). The decrease of 18.7% primarily resulted from the disposal of Real in Eastern Europe. In Q4 2013/14, sales totalled €1.9 billion(Q4 2012/13: €2.3 billion). Like-for-like sales produced by Real in Germany rose slightly by 0.2% in Q4. Overall, the improved positioning and store modernisation of METRO GROUP’s hypermarket business was particularly noticeable in a sector known for its very aggressive pricing policies. In particular, the remodelled Real stores had a positive impact on sales trends. The attractive product range with a large share of fresh foods and the successful own brands sold in a modern shopping environment have created a much more pleasant customer shopping experience.

Real
2012/13
2013/14
Q4 2012/13
Q4 2013/14
Sales (€ billion)
10.4
8.4
2.3
1.9
Change (in €)
-5.8%
-18.7%
-12.4%
-17.3%
Change (in local currency) 3
-18.3%
-11.6%
-17.3%
Like-for-like 3
-0.8%
-1.9%
0.2%

Galeria Kaufhof
Galeria Kaufhof increased its quarterly sales once again. In financial year 2013/14,Galeria Kaufhof generated total sales of €3.1 billion, a slight increase above the previous year’s level. In Q4, sales (including like-for-like) rose by 1.2%. The sales line’s product range that is continuously refined to meet customers’ needs and increased online sales contributed to this growth.

Galeria Kaufhof
2012/13
2013/14
Q4 2012/13
Q4 2013/14
Sales (€ billion)
3.1
3.1
0.7
0.7
Change (in €)
-1.3%
0.5%
1.1%
1.2%
Like-for-like 3
0.5%
1.1%
1.2%

Store network development

30/09/2013
New openings
2013/14
Closures/
disposals
2013/14
30/09/2014
Change
(absolute)
METRO
Cash & Carry
752
+17
-3
766
+14
Media-Saturn
948
+50
-12
986
+38
Real
384
+1
-74
311
-73
Galeria Kaufhof
137
137
+0
Total
2,221
+68
-89
2,200
-21

1 €1,750 million provided that exchange rates remain constant.
2 To enable better comparability following the change of the financial year, Q3 2013 is referred to in this report as Q4 2012/13. The period 12M 2012/13 consists of the former quarters Q4 2012, Q1 2013, Q2 2013 and Q3 2013.
3 Comparable figures for 2012/13 are not available due to the change of financial year.

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.

Philippe Palazzi assumes the position of the Chief Customer & Marketing Officer at METRO Cash & Carry

Düsseldorf, Germany, 2014-10-3— /EPR Retail News/ — Effective 1 October 2014, Philippe Palazzi (43) will assume the position of the Chief Customer & Marketing Officer (CCMO) at METRO Cash & Carry and at the same time also become member of the Extended Management Board of METRO AG. He will take over from Diego Bevilacqua, CCMO since January 2010, who will be responsible for top supplier relations of the Germany-based wholesaler.

Philippe Palazzi has been serving as Managing Director of METRO Cash & Carry Italy since January 2011 where he laid the essential foundations for more customer proximity and drove the business focus on Horeca customers.

Philippe Palazzi began his career by joining METRO Cash & Carry France in 1994. In September 2002, he was appointed Senior Buyer at MAKRO Cash & Carry Greece and in August 2005 assumed the position of Director Procurement & Merchandising Food at METRO Cash & Carry Hungary. In January 2007, he was designated Head of Food Management of METRO Cash & Carry International and then took the position of Director Offer Management at METRO Cash & Carry Italy in April 2008.

“In Philippe Palazzi, we found an experienced expert of our business who, with his work in Italy, already impressively demonstrated that he knows our customers’ needs inside out. Under his leadership, our Italian business was also successfully transformed towards a customer orientated, innovative and strong performing wholesale format”, said Olaf Koch, CEO of METRO AG. “We are pleased that Philippe Palazzi will now contribute this expertise to his new position”.

The management of METRO Cash & Carry Italy will be taken over by Claude Sarraih who until now served as Director Offer Management at METRO Cash & Carry Russia.

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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METRO GROUP returns to the ranks of the world’s sustainability leaders in retailing with its inclusion in Dow Jones Sustainability World Index

Düsseldorf, Germany, 2014-9-23— /EPR Retail News/ — METRO GROUP is returning to the ranks of the world’s sustainability leaders in retailing. From today, the Düsseldorf-based company with its sales lines METRO Cash & Carry, Media-Saturn, Real and Galeria Kaufhof will be relisted on the leading international sustainability index Dow Jones Sustainability World, the rating agency RobecoSAM has announced. With a significantly higher score of 71 points in this year’s rating (previous year: 60), the METRO AG share will also be added to the Dow Jones Sustainability Europe Index.

“Our inclusion in two of the internationally important sustainability indices demonstrates that we are on the right track with our sustainable business practices,” said Heiko Hutmacher, responsible for Sustainability in METRO AG’s Management Board. “I am particularly pleased that we cleared the hurdles for inclusion in the Dow Jones index for Europe. This motivates us and serves as affirmation of our environmental and social commitment.”

The Dow Jones Sustainability Indices include those companies that represent the best environmental, social and economic performers in their particular industry. The DJSI World consists of about 10 per cent of the 2,500 largest companies for each industry listed in the S&P Global Broad Market Index. The DJSI Europe is made up about 20 per cent of the 600 largest companies for each industry in Europe. The basis for inclusion in these indices is an analysis of companies’ sustainability strategies and programmes that is conducted by the independent agency RobecoSAM.

In 2012, the METRO GROUP share was temporarily removed from the DJSI World after 12 consecutive years of membership of the well-known index. “Over the past two years, we deliberately took the time we needed to review and transform all of our sustainability-related activities,” Hutmacher said. “This hard work and our re-energised efforts have now paid off. I would like to thank all colleagues involved in the work. We also understand that sustainable actions are not a one-off event. Rather, they involve a process that must be constantly enhanced, improved and modified. This is the declared goal of METRO GROUP.”

The analysts highlighted the retail company’s commitment to the environmental and social aspects of sustainability. A positive assessment was made about trends in such key environmental performance indicators as greenhouse gases, energy and water consumption, and volume of waste, among other things. METRO GROUP was listed as the best company in its industry in the area of labour practice indicators, the observation of human rights and human-capital development.

In developing its sustainability strategy, METRO GROUP has used the company assessment related to the Dow Jones indices as its guide for many years. Most recently, the company announced at its Annual General Meeting in February 2014 that the issue of sustainability would play a key role in Management Board compensation beginning in financial year 2013/14. Under the Sustainable Performance Plan (SPP), 25 per cent of the long-term incentive component of Management Board remuneration will be tied to the achievement of sustainability targets alongside key performance indicators based on the company’s share price. The amount of the long-term incentive related to the sustainability components is linked to the ranking that METRO AG achieves in the RobecoSAM sustainability ranking in comparison with competitors in its industry. Compensation for the senior management of METRO GROUP around the world has also been modified in this manner.

METRO GROUP is one of the 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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