METRO AG reorganises Group Development and M&A

30 September 2010

The responsibilities of Group Development, Merger & Acquisitions as well as Strategic Planning and Innovation at METRO AG are being reorganised. This is being done to accommodate changes in Group structure and the integration of the holdings of METRO AG and Metro Cash & Carry. 

Georg Mehring-Schlegel, previously the Head of Corporate Group Development and M&A at METRO AG, will be appointed Head of Corporate Group Projects and M&A effective 1 October 2010. His responsibilities will also include the strategic development of Media-Saturn and Galeria Kaufhof. In addition, Mehring-Schlegel will serve as METRO AG's representative at the Media-Saturn shareholder board in Ingolstadt. 

Kai Gürntke, previously Head of Corporate Development at Metro Cash & Carry, will be appointed Head of Corporate Group Strategy at METRO AG. He will be primarily responsible for strategic planning, the division Group Market Intelligence, the development of Metro Cash & Carry as well as the internationalisation and further development of wholesale formats. 

Georg Mehring-Schlegel will continue to report to the CEO of METRO AG, Dr Eckhard Cordes. In his new position, Kai Gürntke will also report to the CEO. 

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 290,000 employees and operates around 2,100 stores in 34 countries. The Group's performance is based on the strength of its sales brands 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.