Change on the Management Board of METRO AG

26 February 2010

  • Zygmunt Mierdorf leaves the company
  • CEO Dr. Eckhard Cordes will in addition assume the duties of the labour director

Zygmunt Mierdorf (57), member of the Management Board of METRO AG since 1999, is leaving the company’s board effective 2 March 2010. On 26 February 2010, the Supervisory Board of METRO AG resolved on the revocation by mutual agreement of his appointment as member of the Management Board and labour director. As a consequence, the responsibilities on the board will be reassigned and the board will be downsized from six to five members. The Chairman and CEO of METRO AG, Dr. Eckhard Cordes, will in addition assume the duties of the labour director. Chief Financial Officer Olaf Koch will in future also be responsible for IT. 

Mierdorf joined Metro in 1991 and served as managing director and spokesman of the management board of different METRO Group entities. In 1999 he was appointed to the Management Board of METRO AG. On that panel, he was responsible for e-business, real estate, IT, logistics, human resources and purchasing. Since the restructuring of the Management Board in September 2009, Mierdorf held the functions of Chief Human Resources Officer (CHRO) and Chief Information Officer (CIO). 

In these functions, Mierdorf contributed considerably to turning METRO Group into an innovation driver in the international retail sector. In this regard, Mierdorf will also advise METRO AG in future. He will continue to be active for METRO AG under the GS1-Initiative to render cross-company organisational workflows more efficient by way of common standards in data and goods traffic. 

The Supervisory Board and the Management Board thank Mierdorf for the work he has done. From a prominent position, Mierdorf had contributed to the successful course of METRO Group. 

METRO Group is one of the largest and most international retailing companies. In 2009 the Group reached sales of around € 66 billion. The company has a headcount of some 300,000 employees and operates over 2,100 stores in 33 countries. The Group’s performance is based on the strength of its sales divisions which operate independently in their respective market segment: Metro/Makro Cash & Carry – the international leader in self-service wholesale, Real hypermarkets, Media Markt and Saturn – European market leader in consumer electronics retailing, and Galeria Kaufhof department stores.