Dr Fredy Raas, Managing Director of the Otto Beisheim Group, is to join the Supervisory Board of METRO AG. In agreement with the Supervisory Board's nomination committee, the Management Board of METRO AG today filed an application for Raas' appointment by the courts. Raas is to succeed the recently deceased longstanding Supervisory Board member Prof. Dr Dr h.c. mult. Erich Greipl.
"Dr Fredy Raas is a recognised retail and financial expert and commands intensive knowledge about METRO from his many years of service as Chief Financial Officer of METRO Cash & Carry Germany and other entities", said Franz Markus Haniel, Chairman of the Supervisory Board of METRO AG.
Raas is a member of the management boards of the Otto Beisheim Group and of the boards of the two Prof. Otto Beisheim foundations in Baar / Switzerland and Munich. Before that, he has worked in various corporate functions at METRO and then at Otto Beisheim Group since 1991.