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Germany's Metro AG says it approves departure of CEO Koch by year-end

Germany's Metro AG says it approves departure of CEO Koch by year-end

FILE PHOTO: Olaf Koch, CEO of German wholesaler Metro AG poses for a picture before the company's annual shareholders meeting in Duesseldorf, Germany, Feb 14, 2020. (Photo: REUTERS/Wolfgang Rattay)

FRANKFURT: The supervisory boad of Metro AG on Sunday (Aug 24) 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.

Source: Reuters/ic

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