Metro To Reduce Management Board From Five To Four Roles

METRO AG B4B:

• MANAGEMENT BOARD WILL BE REDUCED FROM FIVE TO FOUR POSITIONS AND ALL DEPARTMENTS WILL BE GIVEN ADDITIONAL OPERATIONAL FUNCTIONS

• ALL CHANGES TO MANAGEMENT BOARD WILL BECOME EFFECTIVE ON 1 JUNE 2024

• CEO STEFFEN GREUBEL TO BE RESPONSIBLE FOR METRO FRANCE IN ADDITION TO METRO GERMANY AT MANAGEMENT BOARD LEVEL

• METRO AND COO RAFAEL GASSET ARE PARTING WAYS BY MUTUAL AGREEMENT

• CFO ERIC RIEGGER WILL SUBSEQUENTLY ALSO ASSUME OVERALL IT RESPONSIBILITY WITHIN THE GROUP (METRO DIGITAL)

• CHRISTIANE GIESEN TAKES ON ROLE OF COO WITH RESPONSIBILITY FOR ALL OTHER METRO COUNTRIES, RETAINS ROLE AS LABOUR DIRECTOR