HomeNewsSupermarket TrendsSupervisory Board appoints Eric Riegger as CFO to the Management Board of METRO AG.

Supervisory Board appoints Eric Riegger as CFO to the Management Board of METRO AG.

The Supervisory Board appoints Eric Riegger as CFO to the Management Board of METRO AG.

The METRO AG Supervisory Board has officially designated Eric Riegger as the Chief Financial Officer (CFO) and a newly appointed member of the Management Board, with his role set to commence on February 1, 2024.
Eric Riegger, who presently serves as the Vice President of Finance and Administration at ALDI USA, will assume responsibility for the finance organization, taking over from the interim CEO, Dr. Steffen Greubel.
This strategic move aligns with METRO’s overarching growth strategy, known as sCore, which necessitates the appointment of a CFO boasting considerable experience in commerce and project management.
In elucidating the decision, Jürgen Steinemann, Chairman of the Supervisory Board, underscores Eric Riegger’s unique qualifications cultivated during his tenures at ALDI and Lidl.
Riegger’s diverse expertise positions him as an ideal candidate to contribute to the successful implementation of METRO’s core strategy.
Dr. Steffen Greubel, Chairman of the Management Board, echoes these sentiments, expressing eagerness for future collaborative endeavors.
A seasoned professional at 48, Eric Riegger holds a master’s in business administration (MBA). His career trajectory commenced at the esteemed audit firm Arthur Andersen before transitioning to the retail sector in 2002.
Notably, he joined Lidl, where he ascended to the position of Managing Director of International Controlling, ultimately being appointed to the management board of Lidl International in 2007.
In 2014, Riegger undertook an international role as the CFO of Lidl Ireland and, subsequently, Lidl USA in 2015. His current role at ALDI USA as Vice President of Finance and Administration has seen him oversee all finance departments, M&A, projects, and human resources.
Expressing gratitude for the trust placed in him, Eric Riegger remarks, “METRO is an internationally listed company with substantial growth potential.
In contrast to the already heavily consolidated European retail landscape, the food wholesale sector offers METRO solid opportunities for organic growth and further consolidation.
As a member of the Management Board and CFO, I intend to leverage my extensive experience in international commerce to support the company’s objectives.”
METRO, a leading global wholesaler, specializes in catering to the needs of hotels, restaurants, caterers (HoReCa), and independent merchants (Traders).
Boasting a customer base exceeding 17 million, METRO offers a unique multichannel mix, allowing customers to procure goods through large local stores or via delivery (Food Service Distribution, FSD), with robust digital support.
Simultaneously, METRO MARKETS is evolving as an international online marketplace for professional customers, expanding continuously since 2019.
The company is committed to “sustainable business,” evident through its longstanding inclusion in sustainability indexes such as MSCI, CDP, and Dow Jones Sustainability Index.
Operating in over 30 countries, METRO employs over 93,000 people worldwide, generating €29.8 billion in sales during the 2021/22 financial year.
For more information, METRO’s online magazine, MPULSE.de, provides additional insights.

Get the latest news directly to your inbox