Change in Metro Group´s top management

Duesseldorf / DE. (mg) Dr. Hans-Joachim Körber (61), a member of the Board since 1996, CEO since 1999, under whose leadership the Metro Group has grown to become the third largest retailer in the world, has asked the Supervisory Board to be released from his responsibilities effective from October 31st. The Supervisory Board´s Personnel and Nominations Committee noted this request with deep regret and with the greatest respect for Körber´s achievements and recommends the Supervisory Board to consent to a mutually agreed revocation of the appointment.

The Personnel and Nominations Committee has also recommended to the Supervisory Board of Metro Group to appoint Dr. Eckhard Cordes, currently Chairman of the Supervisory Board of Metro Group, as succeeding Member of the Management Board and to appoint him also as Chairman of the Management Board.

Körber joined Metro in 1985, firstly as a Board member for Metro SB-Großmärkte and then from 1991, as a member of the Board of Metro International AG in Baar (Switzerland). In 1996 he was appointed to the Board of Metro Group, Düsseldorf, becoming CEO in 1999 and finally Chairman of the Management Board in 2001.
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