METRO Cash & Carry Germany announces Thomas Storck as Chairman of the Management Board

Düsseldorf, Germany, 2016-Apr-22 — /EPR Retail News/ — METRO Cash & Carry Germany today announces a change in its leadership structure: Thomas Storck, current Chief Solution Officer (CSO & CIO) and member of the Operating Board of the METRO Cash & Carry Holding (MCC), will become with immediate effect Chairman of the Management Board of METRO Cash & Carry Germany. Storck will replaceAxel Hluchy, who is leaving the METRO GROUP of his own accord.

“Thomas Storck is the perfect fit for the challenges that our business in Germany will face in the future”, said Pieter Boone, CEO of METRO Cash & Carry and Chairman of the Supervisory Board of METRO Cash & Carry Germany.”Thomas Storck has a wealth of experience in wholesale and retail and in the transformation of trading formats, and possesses a broad spectrum of skills in Buying, Finance, IT and Logistics. He is also an expert in digitalization and multi-channel trade, an important area for our future activities. With his broad competence, management skills and experiences in the industry, Thomas Storck will lead MCCD’s journey on further increasing the multi-channel focus on our core customers from the Hotel, Restaurant and Catering business as well as from the Traders and Services area.”

“Meanwhile, we wish to thank Axel Hluchy for his contribution to and engagement at METRO”, Boone added. “We are losing a long-serving, strongly committed and successful manager, who has accomplished a lot both internationally and in Germany.” Axel Hluchy (51) departs METRO GROUP voluntarily in order to further pursue his career outside of the organization, after around 19 years of successful activity in a range of leading positions for instance as Managing Director of MCC Ukraine as well as of Czech Republic and Slovakia.

Thomas Storck (47) has been active in various functions in the trading sector for 20 years. He was previously on the Board of METRO Cash & Carry Germany as Chief Financial Officer (CFO) between 2002 and 2007, before becoming Chief Innovation Officer (CIO) at METRO AG. Between 2008 and 2014, Storck was a member of the Board ofGALERIA Kaufhof GmbH, initially responsible for Finance, Logistics and IT and subsequently for Buying, Sustainability and Multi-Channel. In October 2014 he moved to METRO Cash & Carry as Chief Solution Officer (CSO & CIO), and in May 2015 he took the step up to fulfil the same role as a member of the Operating Board. In addition to his career atMETRO GROUP, Thomas Storck from 2000 to 2002 gained experience as Chief Financial Officer at the Silicon Valley online purchasing platform GlobalNetXChange.

A decision around Thomas Storck’s replacement as CSO & CIO will be made shortly.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €59 billion in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

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