German retail group Metro AG has announced that Herbert Bolliger was elected as a new member of the company's supervisory board, succeeding Mattheus de Raad as a shareholder representative.
Bolliger was previously president of the directorate general of the Migros-Genossenschafts-Bund, which Metro says has given him commercial expertise, as well as 'profound experience' in the areas of digitisation and sustainability.
Sales Growth
The election took place at last week's general meeting, where the board also approved the proposed dividend of €0.70 per share for the financial year 2016/2017. The group saw steady sales growth in its first year of trading.
Last week, Metro AG also reported that sales grew by 0.2% to €10.1 billion in the first quarter of the current financial year, with like-for-like sales up by 0.8%.
© 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.
