Focus on Growth in Wholesale, stable dividend, elections to the Supervisory Board

Annual general meeting 2020

(PresseBox) ( Düsseldorf, )
 

● Olaf Koch, Chairman of the Management Board of METRO AG: “METRO has decisively advanced the transformation to become a focused wholesaler. We have created the basis for further growth.”
● Dividend of €0.70 € per share approved
● Marco Arcelli elected as a new member of the Supervisory Board. Gwyn Burr, Prof. Dr. Edgar Ernst and Dr. Liliana Solomon re-elected as members of the Supervisory Board

At today’s Annual General Meeting, Olaf Koch, Chairman of the Management Board of METRO AG, drew positive conclusions for the financial year 2018/19: “In the financial year 2018/19 METRO decisively advanced its transformation to a pure wholesaler. With the sale of METRO China and the envisaged sale of Real GmbH we are creating a basis for further growth and are strengthening our leading position in wholesale“, says Olaf Koch. “We have achieved our goals for the financial year 2018/19. Now our focus is to improve our operating performance.”

The Annual General Meeting approved the proposed dividend of €0.70 per share. About 80.9% of the total voting capital was present. The Annual General Meeting has approved the actions of the Supervisory Board and Management Board.

Marco Arcelli was elected as a new member of the Supervisory Board. Prior to this, Dr Florian Funck, Chief Financial Officer at Haniel, resigned from office as a member of METRO’s Supervisory Board with effect as of the end of 7 December 2019. Marco Arcelli is Director Business Development at Energeticky a prumyslovy holding, a.s (EPH), Prague, Czech Republic. Furthermore, Gwyn Burr, Prof. Dr Edgar Ernst and Dr Liliana Solomon were re-elected as members of the Supervisory Board and confirmed in their offices for a further three years. Gwyn Burr is 2 - 2 Member of Board of Directors of Hammerson plc, London, United Kingdom. From 2015 until the demerger of METRO Group in July 2017 Gwyn Burr was a member of the Supervisory Board of former METRO AG (now CECONOMY AG). Since 2017 she has been a member of the Supervisory Board of today’s METRO AG. Prof. Dr Edgar Ernst is President of Deutsche Prüfstelle für Rechnungslegung (German Financial Reporting Enforcement Panel) and since 2017 member of the Supervisory Board of METRO AG. Dr Liliana Solomon is Chief Financial Officer of Awaze Group Limited, London, United Kingdom, and also member of the Supervisory Board of METRO AG since 2017.

Marco Arcelli was elected by a majority vote of 99.56% in the Annual General Meeting of METRO AG. Gwyn Burr was re-elected by a majority vote of 97.46%, Prof. Dr Edgar Ernst was re-elected by a majority vote of 98.08% and Dr Liliana Solomon was re-elected by a majority vote of 90.54%.

 
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