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Ceconomy supervisory board to meet March 12 to discuss next steps, departing CEO says

Ceconomy supervisory board to meet March 12 to discuss next steps, departing CEO says

101 finance101 finance2026/03/06 09:03
By:101 finance

BERLIN, March 6 (Reuters) - The departing chief executive of Ceconomy told ‌Reuters on Friday that the ‌German electronics retailer's supervisory board is set ​to meet on Thursday to discuss the next steps.

The company, which is about to be taken over by ‌Chinese tech ⁠group JD.com, had said earlier in the day CEO ⁠Kai-Ulrich Deissner would step down this year for personal reasons.

Deissner had served ​as chief ​financial officer ​at Ceconomy since ‌February 2023 before being appointed to the CEO role in May 2025.

Deissner, who had previously supported the takeover by JD.com, said regulatory approval ‌of the acquisition was ​expected in the ​first half ​of this year.

Ceconomy, which ‌owns the MediaMarkt and ​Saturn electronics ​retail chains, aims to benefit from JD.com particularly in the areas ​of ‌logistics and technology.

(Reporting by Matthias Inverardi, ​writing by Linda Pasquini, editing ​by Miranda Murray)

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