Danish retail group Dagrofa has announced that Per Thau is leaving the company after five years in the position of CEO, as part of restructuring plans.
"With a new capital structure and with the shutdown of Kiwi, Dagrofa enters a new phase," said Jesper Lok, chairman of Dagrofa. "The board has concluded that the time is right to find a new CEO of Dagrofa."
The group says that Lok will lead the company until a new chief executive has been found.
Transition Period
Thau said that his time at the retail company was marked by "major changes", including the launch of Meny and the closure of Kiwi, and that he is now looking forward to new challenges elsewhere.
Dagrofa announced that it was closing its Kiwi discount chain last May, after deciding that it could 'no longer be turned into a profitable business'.
The retailer, which also operates the Meny, Spar, Min Købmand and Let-Køb banners in Denmark, sold 81 of its Kiwi stores to rival Dansk Supermarked Group last year.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
