Metro Group has appointed Olaf Koch as its new chief executive from January 1, 2012, and Franz Markus Haniel as 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 revealed in October that he would not be available for another term in office and would leave the retailer on December 31. The supervisory board will decide about Koch’s successor a meeting on December 16.