METRO Group Asset Management with new structure

24 November 2010

  • Real estate management broken down into seven countries or regions
  • Decentralised structure – away from the functional, central management – allows closer alignment with operating business of the local sales divisions
  • Restructuring without staff reductions

METRO Group Asset Management will get a new structure. The real estate management will in future be broken down into seven countries or regions. The aim of the new structure is to align the real estate management closer with the operating business of the sales divisions in the countries. The managing directors in the countries and regions will assume responsibility for the operating business and serve as experts and central contacts for the sales divisions. The new structure will become effective from 1 December 2010. 

"By stressing the regional management responsibility we are creating the framework for the successful international development of the real estate business", says Thomas Ziegler, CEO of METRO Group Asset Management. "In future, we will integrate the real estate management even closer with the operating business of the sales divisions". 

The seven new regions or countries are Germany, Western Europe, Poland, Turkey, Eastern Europe, CIS (Commonwealth of Independent States) and Asia. Process owners will be designated for the former functional business areas such as Centre Management or Project Development and will coordinate the international expert exchange and ensure harmonised processes within METRO Group Asset Management. This realignment will result in personnel changes on the second management level. Staff reductions are not planned. 

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.