By
Reuters
Published
Jul 6, 2009
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Metro to boost powers of CFO in overhaul

By
Reuters
Published
Jul 6, 2009

FRANKFURT, July 6 (Reuters) - German retailer Metro (MEOG.DE) plans to revamp its management board to give Chief Financial Officer Thomas Unger additional responsibilities, German daily Handelsblatt reported, citing sources close to the company.

Metro
Photo: REUTERS/Fabrizio Bensch

The move is designed to boost the CFO's role in an attempt to retain his services. Unger is said to have expressed doubts about fulfilling his contract, which is set to run until 2012, Handelsblatt said, citing people familiar with the company.

The revamp still needs the approval of the supervisory board, the newspaper said.

Metro declined to comment.

($1=.7133 Euro)

(Reporting by Edward Taylor and Nikola Rotscheroth)

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