METRO CEO Greubel presents progress of sCore strategy; new and confirmed mandates on the Supervisory Board

07 February 2024

Progress after 2 years of implementation of sCore strategy presented; proposed dividend payment approved

  • METRO AG CEO Dr Steffen Greubel presents progress after 2 years of implementation of the sCore growth strategy
  • Shareholders elect Willem Eelman to the Supervisory Board as pro-posed and confirm Jürgen Steinemann, Roman Šilha and Stefan Tieben in office

At today's Annual General Meeting, the Chairman of the Management Board of METRO AG, Dr Steffen Greubel, presented the progress made after two years of implementing the sCore growth strategy to the participating shareholders. The company was able to successfully continue its growth path in the financial year 2022/23 despite a challenging market environment and a strong prior-year basis. At the same time, the Annual General Meeting approved the proposed dividend payment of €0.55 per ordinary share and €0.89 per preference share.

A total of 83.41% of the total voting capital was present at the virtual Annual General Meeting. The actions of the Supervisory Board and Executive Board were approved by the Annual General Meeting.

The agenda also included new elections and re-elections to the Supervisory Board of the international wholesaler. Willem Eelman was elected as a new member of the Supervisory Board of METRO AG. He succeeds Prof Dr Edgar Ernst, independent management consultant from Bonn, who is no longer available for a new term of office, so that a new election was necessary. Willem Eelman is a member of the Supervisory Board and Chairman of the Audit Committee of IMCD N.V., Rotterdam, Netherlands.

In addition, the existing Supervisory Board members Jürgen Steinemann (JBS Holding GmbH Mönchengladbach), Roman Šilha (EP Global Com-merce a.s. Prague, and VESA Equity Investment S.à r.l. Luxembourg) and Stefan Tieben (RLT Ruhrmann Tieben & Partner mbB Essen) were confirmed for a further term of office, with Jürgen Steinemann available for a further one-year term of office as Chairman of the Supervisory Board.

On 7 May 2024, METRO will report the results of the first half of the current financial year.

METRO is a leading international food wholesaler which specialises in serving the needs of hotels, restaurants, and caterers (HoReCa) as well as independent merchants (Traders). Around the world, METRO has approx. 17 million customers who benefit from the wholesale company’s unique multichannel mix: customers can purchase their goods in one of the large stores in their area as well as by delivery (Food Service Distribution, FSD) – all digitally sup-ported and connected. In parallel, METRO MARKETS is being developed as an international online marketplace for the needs of professional customers which has been growing and expanding continuously since 2019. Acting sustainably is one of the company principles of METRO which has been listed in various sustainability indices and rankings, including MSCI, Sustainalytics and CDP. METRO operates in more than 30 countries and employs over 89,000 people worldwide. In financial year 2022/23, METRO generated sales of €30.6 billion. More information can be found at, our online magazine.