Dr Fredy Raas to join the Supervisory Board

24 July 2013

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.

METRO GROUP is one of the largest and most international retailing companies. In 2012 the Group reached sales of around € 67 billion. The company has a headcount of more than 280,000 employees and operates around 2,200 stores in 32 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.