Investor Relations

26 February 2010
Change on the Management Board of METRO AG
- Zygmunt Mierdorf leaves the company
- CEO Dr. Eckhard Cordes will in addition assume the duties of the labour director

Zygmunt Mierdorf (57), member of the Management Board of METRO AG since 1999, is leaving the company’s board effective 2 March 2010. On 26 February 2010, the Supervisory Board of METRO AG resolved on the revocation by mutual agreement of his appointment as member of the Manage-ment Board and labour director. As a consequence, the responsibilities on the board will be reassigned and the board will be downsized from six to five mem-bers. The Chairman and CEO of METRO AG, Dr. Eckhard Cordes, will in addition assume the duties of the labour director. Chief Financial Officer Olaf Koch will in future also be responsible for IT.

4 January 2010
METRO Group accelerates growth in Asia: Media Markt seals market entry into China
- METRO Group and Foxconn Technology Group signed joint venture agreement for expansion in China
- Media-Saturn responsible for strategic leadership
- First Media Markt store expected to open in 2010

The start of Media Markt in China is sealed. At the end of last year, METRO AG and its sales division Media-Saturn signed a joint venture agreement with the Chinese partner Foxconn Technology Group to expand their reach into the Chinese market. This agreement has now also been confirmed by the supervisory boards of METRO AG and Media-Saturn, as well as Foxconn. With the entry of Media Markt into the Chinese market, METRO Group will further extend its strategic position in China. Under the joint venture agreement, METRO Group holds 75 percent of the shares and Foxconn Technology Group 25 percent. Media-Saturn will be responsible for the strategic leadership and the operations of the joint venture. As an experienced local partner, Foxconn, the world’s most trusted end-to-end green product service provider, will support Media-Saturn in its market entry.