In an extraordinary meeting the Supervisory Board of CECONOMY AG and Jörn Werner, the Chief Executive Officer, decided by mutual agreement to part with immediate effect. At the same time, the Supervisory Board appointed Dr. Bernhard D-ttmann, member of the Supervisory Board, for a term of twelve months as CEO. D-ttmann also becomes Labour Director and, in addition to Human Resources, is responsible for the Group's strategy.

The cooperation, especially in the implementation of the strategy, will be ensured by a Transformation Committee headed by Dr. Bernhard D-ttmann, to which the Management Board of CECONOMY and the management of MediaMarktSaturn belong. From 17 October 2019, the CECONOMY Management Board consists of Dr. Bernhard D-ttmann (CEO) and Karin Sonnenmoser (CFO).