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Just caught wind that Kai-Ulrich Deissner, the CEO of Ceconomy, is stepping down sometime this year. He apparently told the board back in March that he's done for personal reasons. Pretty interesting timing honestly.
So now the Supervisory Board has to figure out succession planning and all that. MTTRY stock was trading around $1.06 when this news hit, up a decent amount that day. The whole leadership transition thing should get ironed out soon based on what they said.
Kai had been leading the company, but I guess sometimes people just decide they're ready to move on. Curious to see who they bring in next. These CEO transitions can shake things up depending on who takes over.