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MediaMarktSaturn: Ceconomy finds the solution to the long management crisis at E.on

2021-05-13T22:51:07.457Z


The Ceconomy retail group had been looking for a new CEO for years. Now they have found what they are looking for at E.on: Karsten Wildberger takes over the parent company of MediaMarkt and Saturn.


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Karsten Wildberger takes over at Ceconomy in August

Photo: Thilo Schmuelgen / REUTERS

The electronics retailer Ceconomy has found what it is looking for a CEO: E.on manager Karsten Wildberger will take over from the parent company of the MediaMarkt and Saturn chains from August, as Ceconomy announced in Düsseldorf.

At the same time, the management structure of Ceconomy and the subsidiary Media-Saturn-Holding will be standardized: Wildberger also takes over the management of Media-Saturn-Holding, replacing long-time boss Ferran Reverter, the Catalan is moving to the FC Barcelona football club.

This brings an end to the long search for a CEO for Ceconomy.

Ceconomy has struggled with a leadership crisis in recent years.

The previous interim boss, Bernhard Düttmann, initially came for a year in October 2019.

In September last year, the Supervisory Board extended its contract by another twelve months in order to gain more time in the search for a successor.

Düttmann will be available to Wildberger until his contract expires on October 16 "in an advisory and supportive manner," said Ceconomy.

E.on regrets change

Wildberger is currently a member of the board of directors at the energy group E.on and is responsible for sales and the decentralized energy infrastructure.

E.on supervisory board chairman Karl-Ludwig Kley regretted the departure of the board member.

Among other things, Wildberger initiated the restructuring of the business in Great Britain.

"In addition, E.on has transformed into a digital energy company under his leadership," said Kley.

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The headquarters of MediaMarktSaturn in Ingolstadt

Photo: 

Armin Weigel / dpa

It is now important to master the challenges of the pandemic, said the studied physicist Wildberger in view of his new role.

Like other retail groups, Ceconomy is also suffering from government measures to contain the corona pandemic.

MediaMarkt and Saturn branches had to temporarily close in numerous European countries.

Customers switched to the chains' online shops, which recorded significant growth.

The holding company wants to present figures for the second quarter of the 2020/21 financial year on Tuesday.

hba / dpa / Reuters

Source: spiegel

All business articles on 2021-05-13

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