METRO AG Marks Strategic Milestone with New Leadership and Continued Growth Following sCore Strategy Implementation

METRO AG Marks Strategic Milestone with New Leadership and Continued Growth Following sCore Strategy Implementation

(IN BRIEF) At METRO AG’s virtual Annual General Meeting, CEO Dr. Steffen Greubel provided an update on the company’s progress following the implementation of the sCore strategy, noting continued growth despite market challenges. Shareholders approved the actions of the Management and Supervisory Boards and elected Martin Plavec as a new member, replacing Jürgen Steinemann, who concluded his term. Roman Šilha was appointed as the new Chairman of the Supervisory Board. METRO’s multichannel approach continues to serve around 15 million customers globally, and the company is preparing for its earnings report in May 2025.

(PRESS RELEASE) DŪSSELDORF, 20-Feb-2025 — /EuropaWire/ — At today’s virtual Annual General Meeting, Dr. Steffen Greubel, Chairman of the Management Board of METRO AG, provided an update on the significant progress achieved following the implementation of the company’s sCore strategy over the past three years. Despite challenging market conditions, METRO has successfully continued to drive growth and solidify its market position, reinforcing the effectiveness of its strategic direction.

The virtual meeting saw 85.69% of voting capital represented, and the shareholders approved the actions of both the Supervisory and Management Boards. Alongside the strategy update, the agenda included elections and re-elections for the Supervisory Board. Martin Plavec was elected as a new member, replacing Jürgen Steinemann, who concluded his term after many years of dedication to METRO. Plavec, an Investment Manager at EP Equity Investment S.à r.l., Luxembourg, brings a wealth of experience from his roles at Casino S.A., France, and PostNL N.V., Netherlands.

Additionally, shareholders re-elected Eva-Lotta Sjöstedt and Marek Spurný to continue serving on the Supervisory Board. Following Steinemann’s departure, Roman Šilha was appointed as the new Chairman of the Supervisory Board. Šilha expressed his gratitude to the Board for their trust and highlighted the importance of continuing the company’s transformation efforts under the sCore strategy. He also acknowledged Steinemann’s invaluable contributions over the past decade, noting that his leadership had been pivotal in shaping METRO’s growth and strategy.

Looking ahead, METRO is set to release its earnings report for the first half of the current financial year on May 15, 2025.

As one of the leading international food wholesalers, METRO serves approximately 15 million customers globally, including hotels, restaurants, caterers, and independent resellers. The company continues to expand its reach through a unique multichannel approach, providing customers with access to both large stores and digital services like Food Service Distribution (FSD) and the METRO MARKETS online marketplace. Sustainability remains a core value for METRO, as demonstrated by its consistent presence in various sustainability rankings. The company operates in over 30 countries with a workforce of over 85,000 employees, generating €31 billion in sales in the 2023/24 financial year.

METRO is a leading international food wholesaler which specialises in serving the needs of hotels, restaurants, and caterers (HoReCa) as well as independent resellers (Traders). Around the world, METRO has approx. 15 million customers who benefit from the wholesale company’s unique multichannel mix: customers can purchase their goods in one of the large stores in their area as well as by delivery (Food Service Distribution, FSD) – all digitally supported and connected. In parallel, METRO MARKETS is being developed as an international online mar-ketplace for the needs of professional customers which has been growing and expanding continuously since 2019. Acting sustainably is one of the company principles of METRO which has been listed in various sustainability indices and rankings, including MSCI, Sustainalytics and CDP. METRO operates in more than 30 countries and employs over 85,000 people world-wide. In financial year 2023/24, METRO generated sales of €31 billion.

More information can be found at MPULSE.de, our online magazine.

Media Contact:

Telephone: +49 211 6886-4252
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E-Mail METRO: presse@metro.de

SOURCE: METRO AG