Makro MD and directors replaced

Makro UK managing director Hannes Floto has been replaced by parent company Metro Cash amp; Carry along with three of the other four members of the management board.

In a statement Metro said: “Due to differing views on the strategic direction of the company, the managing director and the responsible board members for customer management, finance and operations have left the company on amicable terms, based on mutual agreement.”

It added: “To ensure a fast and effective transition, the respective board positions will be taken over by senior professionals from the professional service firm AlixPartners, namely Klaus Raettig (managing director), Jens Koeppen (finance), Dan Murphy (assortment and stock management) and Martin Schumacher (operations).

“AlixPartners already supports Makro UK in its restructuring activities, as an advisor, and the nominated managers are well integrated in the activities and understand the challenges the company faces. This will enable the new board members to act quickly and decisively.”

The current board member Huw Edwards will take on additional responsibilities as commercial director for offer, merchandising and marketing.

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