Report on events after the closing date

Events after the closing date

At its meeting on 11 November 2021, the Supervisory Board of METRO AG decided to reorganise the Management Board of METRO AG. The restructured Management Board will ensure the execution of the new strategy from next year on. The following changes were agreed:

Eric Poirier, Chief Operating Officer (COO) and member of the Management Board, will leave the Management Board with effect from 31 December 2021. Andrea Euenheim, Chief Human Resources Officer (CHRO) and member of the Management Board, will not renew her contract when it comes to an end on 31 October 2022, but will continue to perform her current role until that date.

Rafael Gasset, Chief Operating Officer (COO) and member of the Management Board, will assume responsibility for the countries at Management Board level. The Germany/Austria unit will report to CEO Dr Steffen Greubel in the Management Board.

With effect from 1 January 2022, Claude Sarrailh will join the Management Board, where he will be responsible for commercial functions as Chief Customer & Merchandise Officer (CCMO).