The Wholesale Giant Metro AG Extends Contract Of CEO Dr. Steffen Greubel By 5 Years

Metro AG has recently confirmed that Dr. Steffen Greubel’s contract as Chief Executive Officer has been extended for another five years. This decision ensures that Greubel will continue leading the wholesale giant until April 30, 2029. Greubel assumed the CEO role at Metro on May 1, 2021, and strategic initiatives and operational advancements have marked his tenure.

While Greubel’s contract extension provides stability and continuity in Metro’s leadership, the company now faces the task of finding a new Chief Financial Officer. Christian Baier, the current CFO, has announced his retirement from the position, leaving Metro to identify a suitable successor. The selection of a new CFO will be crucial for maintaining the financial strength and strategic direction of the company.

With Dr. Steffen Greubel’s continued leadership as CEO and the upcoming search for a new CFO, Metro AG is poised to navigate the challenges and opportunities in the wholesale industry, ensuring its continued growth and success in the coming years.

“Since taking office, Steffen Greubel has given Metro a clear focus on food wholesale with the sCore strategy, which is clearly showing success,” said Jürgen Steinemann, chairman of the supervisory board of Metro AG. “As a leader, he has also succeeded in inspiring the employees in the country organizations and headquarters to implement this strategy efficiently by realigning the corporate culture.

“The supervisory board fully supports this course and, with the extension of his contract, is sending a deliberate signal for continuity.”

Commenting on the announcement, Dr. Steffen Greubel said, “I would like to thank the supervisory board for its support of our multichannel wholesale strategy and for the confidence in me expressed by the extension of my contract.

“I am firmly convinced that Metro, as a leading food wholesaler in a fragmented market, has potential for sustainable and profitable growth. In this respect, we reaffirm our sCore targets to achieve sales of more than €40 billion and EBITDA of more than €2 billion by 2030.”

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