Just caught that Ceconomy's CEO Kai-Ulrich Deissner is planning to step down sometime this year. He apparently told the board back in March that personal reasons are making him want to step down from the top job. The stock actually jumped on the news - MTTRY was up like 12% at one point, trading around $1.06. Pretty interesting reaction for a leadership departure announcement. Their supervisory board is supposed to figure out the succession plan now. You'd think a CEO stepping down mid-year would spook investors more, but seems like the market's taking it in stride. Wonder who they'll bring in to replace him. Either way, it's one of those corporate shuffle moments that reminds you how much leadership changes can shake things up behind the scenes.

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