Core progress is presented by METRO CEO Greubel, along with new and approved Supervisory Board mandates.

Core progress is presented by METRO CEO Greubel, along with new and approved Supervisory Board mandates.

At today’s Annual General Meeting, Dr. Steffen Greubel, CEO of METRO AG, gave the participating shareholders an update on the status of the sCore development strategy implementation.

Despite a difficult environment, METRO was able to record growth and visible success in the development of the strategic KPIs in the most recent financial year, 2021/22, and this pattern is confirmed by the ongoing growth in the current financial year. As a result, for the fiscal year 2022–2023, a positive net revenue and dividend payment are anticipated.

113 people who had checked in to the online annual general meeting represented 82.8% of the total voting capital. The Supervisory Board and Management Board’s decisions were accepted by the Annual General Meeting.

Elections for the multinational wholesaler’s supervisory board, both new and incumbent, were also on the agenda. Georg Vomhof and Jana Cejpková were chosen to serve as brand-new Governing Board members for METRO AG. They replace Dr. Liliana Solomon, Group Chief Financial Officer of Awaze Limited, London, UK, and Dr. Fredy Raas, Managing Director of Beisheim Holding GmbH in Baar (Switzerland) and Beisheim Assets gGmbh in Düsseldorf, who are no longer eligible for a renewed term of office, necessitating a new election. The Chief Financial Officer of EP Real Estate in Prague, Czech Republic, is Jana Cejpková, Ph.D., and the Chairman of the Executive Council of Düsseldorf-based Beisheim Capital GmbH and Beisheim Management GmbH is Georg Vomhof.

The current Supervisory Board members, Marco Arcelli, Gwyneth Burr, and Prof. Dr. Edgar Ernst, were also affirmed for another term of office; however, Prof. Dr. Ernst is only eligible for a one-year term. The CEO of EP Global Commerce a.s. in Prague, the Czech Republic is Marco Arcelli. The chair of the board of directors of the Skipton Building Society in Skipton, the United Kingdom is Gwyneth Burr. The management expert in Bonn is Prof. Dr. Edgar Ernst.

METRO will release the findings of the first half of the current fiscal year on May 11, 2023.

Leading international food wholesaler METRO specialises in meeting the requirements of independent retailers as well as hotels, restaurants, and caterers (HoReCa) (Traders). Around the world, METRO has about 17 million customers who take advantage of the wholesaler’s distinctive multichannel mix. Customers can buy their goods in one of the big stores in their area as well as by delivery (Food Service Distribution, FSD), all of which are supported and connected by digital technology. In parallel, METRO MARKETS is evolving into a global online marketplace for the requirements of professional clients, and it has been consistently increasing and expanding since 2019. One of the company’s guiding concepts is acting sustainably, and METRO has been included in numerous sustainability rankings and indices for many years, including FTSE4Good, MSCI, CDP, and the Dow Jones Sustainability Index. METRO employs more than 93,000 people globally and conducts business in more than 30 countries. METRO made sales of €29.8 billion during the 2021/22 fiscal year. Our online magazine, MPULSE.de, has more details.

GSN