Reorganisation of top-management
In order to accelerate its restructuring and turnaround efforts, self-service wholesaler Makro today announced significant changes in its management board. Effective immediately, four out of the five positions will be newly assigned.
Due to differing views on the strategic direction of the company, the Managing Director and the responsible board members for Customer Management, Finance and Operations have left the company on amicable terms, based on mutual agreement.
To ensure a fast and effective transition, the respective board positions will be taken over by senior professionals from the professional service firm AlixPartners, namely Klaus Raettig (Managing Director), Jens Koeppen (Finance), Dan Murphy (Assortment and Stock Management) and Martin Schumacher (Operations). AlixPartners already supports Makro UK in its restructuring activities, as an advisor, and the nominated managers are well integrated in the activities and understand the challenges the company faces. This will enable the new board members to act quickly and decisively.
The current board member Huw Edwards will take on additional responsibilities as Commercial Director for offer, merchandizing and marketing.
Makro currently runs 30 stores across Great Britain and is targeting a turnaround of its underperforming business. The new management team will ensure a fast and professional steering of this process.