Generation change: Real to have dual leadership in the future - Didier Fleury to have new role in the METRO GROUP

  • Henning Gieseke and Patrick Müller-Sarmiento to take over dual Chairmanship of Management Board of hypermarket chain Real
  • Accelerated modernisation of the branch network planned
  • Didier Fleury to have new responsibilities in the METRO GROUP, reporting directly to Olaf Koch

Real, the hypermarket chain, announces a generation change at the top of its management. Chief Financial Officer Henning Gieseke and Chief Merchandise Officer Patrick Müller-Sarmiento will take over the joint leadership of the Management Board with immediate effect. The current Chairman of the Management Board, Didier Fleury, will take on a new strategic role in the METRO GROUP and, as part of this function, will report directly to Olaf Koch, Chairman of the Management Board of METRO AG.

"Didier Fleury has done excellent work for Real over the past few years", said Koch, who also chairs the Supervisory Board of Real. "Under his leadership, the company was stabilized and groundwork was laid for the sustainable modernisation of the hypermarket business in Germany. In close cooperation with Didier Fleury, we have come to the decision that this is the appropriate moment to enact a generation change in the leadership of Real. In Henning Gieseke and Patrick Müller-Sarmiento we have two experienced leadership personalities and retail experts, whose many years of activity at Real will ensure that they have the requisite capabilities and competencies to lead the company on its adopted course, and to provide additional impulses. This will secure the continuity required for our successful ongoing realignment and also allow us to create space for new methods."

Real will consequently have four leaders instead of five: Henning Gieseke and Patrick Müller-Sarmiento will continue to operate in their respective current roles alongside their new roles as Chairmen of the Management Board. The management team will be completed by Personnel Director Jörg Kramer and Chief Operations Officer Frank Kretzschmar.