Metro AG Extends Contract Of CEO Steffen Greubel By Five Years

Dr Steffen Greubel

This means that Greubel will hold the role of CEO at the wholesale giant until 30 April 2029. He has been chairman of the management board of Metro AG (CEO) since 1 May 2021.

Long Term Strategy

Metro AG said with this decision, the supervisory board has confirmed the long-term strategic orientation of the company, which was developed by the CEO together with the other members of the management board.

The group said the strategy relies on continuity at the top of the management board in the ‘transformation’ towards a pure food wholesaler.

‘Signal For Continuity’

“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 organisations 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.”

ESM