Ceconomy AG Chief Executive Officer Pieter Haas stepped down, following investor fury at back-to-back profit warnings from Europe’s biggest consumer-electronics retailer.
Chief Financial Officer Mark Frese, who will lead the company on an interim basis together with management board member Dieter Haag Molkenteller, will also depart after a successor has been identified. Haas and the supervisory board “mutually agreed to separate with immediate effect,” Ceconomy said in a statement after a board meeting.
