Connect with us

Business

Retailer Ceconomy looking for a new CEO

Retailer Ceconomy looking for a new CEO 1

(Reuters) – Europe’s biggest consumer electronics retailer, Ceconomy, is looking for a successor to Chief Executive Bernhard Duettmann whose contract expires in October, the company’s chairman said on Wednesday.

The owner of the Media Markt and Saturn chains is in the middle of an “intensive” search for a new CEO, Chairman Juergen Fitschen told the company’s annual general meeting.

Fitschen is also set to retire and hand over to former Deutsche Telekom finance chief Thomas Dannenfeldt.

The chairman did not comment on the names of possible CEO candidates, but said a recruitment consultant was involved in the process.

Ceconomy had said it was seeking a new CEO before the expiry of Duettmann’s contract as interim CEO in 2020, before deciding to extend his term for a further 12 months.

(Reporting by Zuzanna Szymanska in Gdansk. Editing by Mark Potter)

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Advertisement

Newsletters with Secrets & Analysis. Subscribe Now