Metro Group has appointed Olaf Koch as its new chief executive from January 1, 2012 and Franz Markus Haniel as new chairman of the supervisory board with immediate effect. Koch has served as chief financial officer of Metro Group since September 2009.

Current chief executive Dr Eckhard Cordes said on October 9 that he would not be available for another term in office and will leave the company on December 31. The supervisory board will decide about Koch’s successor at a meeting on December 16.