He will take over the Finance organisation from CEO Dr Steffen Greubel, who has served this function on an interim basis since August 2023. Eric Riegger is currently the Vice President of Finance and Administration at ALDI USA, where he is responsible for all Finance Departments, M&A, Projects and Human Resources.
Jürgen Steinemann, Chairman of the Supervisory Board of METRO AG, explains the decision: ‘For the further implementation of the sCore growth strategy, METRO needs a CFO with major commerce and project expertise. Thanks to his time with ALDI and Lidl, Eric Riegger has both, and is therefore perfectly equipped to help METRO implement the sCore strategy. We wish Eric a skilled hand and success in this endeavour.’
Dr Steffen Greubel, Chairman of the Management Board of METRO AG, adds: ‘Eric Riegger showed at ALDI USA that his work paved the way for the growth trajectory of the retailer. He knows the crucial action areas in commerce and will continue driving the sCore strategy along with the rest of us on the Management Board. We’re really looking forward to working with Eric.’
Riegger is 48 years old and has a master’s degree in Business Administration (MBA). After his first position at the audit firm Arthur Andersen, he began his career in retail. In 2002 he joined Lidl as the management board assistant to the global CFO of the company and, from 2003, was the Managing Director of the International Controlling of Lidl International. He was appointed to the management board of Lidl International in 2007. In 2014 he took a position abroad, becoming CFO of Lidl Ireland and, in 2015, CFO of Lidl USA, where he held joint responsibility for the company’s launch on the US market. In 2019 he joined ALDI USA in his current position.
Riegger appreciates the trust placed in him and says: ‘METRO is an international listed company with much potential for growth. Compared with retail, which is already heavily consolidated in Europe, the food wholesale sector still offers METRO solid opportunities for organic growth and further consolidation. From my position on the Management Board as CFO, I intend to make use of my many years of experience in international commerce to support the company.’
METRO is a leading international wholesaler with food and non-food ranges that specialises in serving the needs of hotels, restaurants, and caterers (HoReCa) as well as independent merchants (Traders). METRO has more than 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 supported 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. ‘Sustainable business’ is one of METRO’s guiding principles. Thanks to its long-standing listing in sustainability indexes and rankings, among others MSCI, CDP and Dow Jones Sustainability Index, the activities of METRO – including in the areas of climate protection, avoiding plastic and food waste and a more sustainable range – are accredited externally. METRO operates in more than 30 countries and employs over 93,000 people worldwide. In financial year 2021/22, METRO generated sales of €29.8 billion. More information can be found at MPULSE.de, our online magazine.