Olaf Koch (Manager)

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Olaf Koch, CEO Metro AG
Olaf Koch, CEO Metro AG, at the Metro AG annual press conference in Düsseldorf in December 2019

Olaf Koch (born June 1, 1970 in Bad Soden am Taunus ) is a German business manager .

Life

Olaf Koch was born on June 1, 1970 in Bad Soden am Taunus and studied business administration at the Stuttgart University of Cooperative Education. He began his professional career in 1994 as a manager for Finance Process and Systems at Daimler-Benz AG.

In January 1996 he founded his own IT company before returning to the Daimler Group in 1998 (then DaimlerChrysler AG). In 1999 he became head of the network trading division. He then held various positions in the Daimler Group and was appointed to the management of the Mercedes Car Group in October 2002. As CFO of the passenger car division, he initiated a comprehensive savings program and improved the return in this area from 6.0% to 9.1%.

In October 2007, he joined the investment company Permira and took on the position of Managing Director. There he was responsible for managing portfolio companies and increasing their efficiency. Among other things, he was a member of the supervisory board of Hugo Boss AG.  

Koch switched to Metro AG as CFO in September 2009 , where he succeeded Eckhard Cordes as CEO in 2012 . Koch's contract was prematurely extended by three years to 2018 in September 2014 and again to March 1, 2022 on March 2, 2017. Koch is supposed to push ahead with the restructuring of the company, which he initiated as CFO.

Olaf Koch is married and has three children.

At METRO

Koch started at METRO AG as Chief Financial Officer and was appointed Chief Executive Officer in 2012 . In this role, he began to focus METRO from a broad conglomerate to a pure wholesale company from the beginning of his tenure .

Among other things, he sold the department store chain Galeria Kaufhof (2015) and split the group into two separate companies in 2017, METRO AG ( wholesale and Real hypermarkets ) and Ceconomy AG (specialist retailer for consumer electronics with Media-Markt and Saturn). As a result of these measures and the acquisitions of wholesale specialists, retail sales in the group fell to 20% by 2018. In September 2018, Koch announced that he wanted to sell the hypermarket chain Real . With this, Koch initiated the last step towards a pure wholesale company. In May 2019 he announced that exclusive negotiations had begun with the retail property specialist Redos for the Real sale.

Under Koch's leadership, METRO Wholesale's sales , adjusted for changes in space, rose continuously for 23 quarters. METRO AG's net debt was reduced by EUR 5.3 billion from 2012 to the 2018/19 financial year, from EUR 7.7 billion to EUR 2.4 billion. The METRO AG share , which began trading in July 2017 after the split-up at an opening price of EUR 20.00, was EUR 14.11 at the end of May 2019, closing price on May 31, 2019.

At METRO , Koch is also pushing ahead with the digitization of business in order to facilitate work processes in the company and at his customers, which include restaurants, hotels and caterers, but also independent retailers. Through this initiative and METRO's start-up sponsoring as part of two accelerator programs, almost 70 young companies have so far been supported, including, for example, the Turkish start-up Whole Surplus, which supports retailers with its own technology platform in this process Distributing food efficiently and fairly, as well as the Indian start-up Pazo, which can control and optimize business operations with an app and which has already been rolled out at METRO in India.

Publications

Web links

2011:

Individual evidence

  1. ↑ [1] [2] (curriculum vitae)
  2. ^ METRO AG: Management Board. Retrieved on June 19, 2019 (German).
  3. ^ Daimler Chrysler AG: Our brands. Our tradition. Our future. In: https://www.daimler.com/dokumente/investoren/berichte/geschaeftsberichte/daimlerchrysler/daimler-ir-geschaeftsbericht-2002.pdf . Daimler Chrysler AG, 2002, accessed 2002 .
  4. ↑ Daimler AG: DAIMLER. In: https://www.daimler.com/dokumente/investoren/berichte/geschaeftsberichte/daimler/daimler-ir-geschaeftsbericht-2007.pdf . Daimler AG, 2007, accessed in 2007 .
  5. ↑ Permira manager Koch becomes CFO at Metro. Retrieved June 19, 2019 .
  6. ↑ Koch starts as Chief Financial Officer of METRO AG. , initially as Chief Financial Officer
  7. ↑ No time to rest from his current position as CEO
  8. ↑ Koch will remain METRO boss until 2018. at METRO AG
  9. ↑ Metro boss Koch will remain in office until 2022. In: Presseportal.de. Rheinische Post, March 31, 2017, accessed on December 2, 2019 .
  10. ^ Hagen Seidel: Vita: Olaf Koch . March 18, 2012 ( welt.de [accessed June 19, 2019]).
  11. ^ METRO AG: Change in the Management Board of METRO AG. December 16, 2011, accessed June 19, 2019 (German).
  12. ↑ Brigitte Koch: Olaf Koch: No time to rest . ISSN  0174-4909 ( faz.net [accessed June 19, 2019]).
  13. ^ Hagen Seidel: Vita: Olaf Koch . March 18, 2012 ( welt.de [accessed June 19, 2019]).
  14. ^ Henryk Hielscher: Retail group: Metro boss Koch: "This is the end of the conglomerate". Retrieved June 19, 2019 .
  15. ↑ METRO AG: METRO GROUP successfully completes sale of Galeria Kaufhof. In: https://www.ceconomy.de/media/2015-09-30-irnews-verkauf-galeria-kaufhof-ablossen_de.pdf . METRO AG, September 30, 2015, accessed on September 30, 2015 .
  16. ↑ WORLD: Metro Group sells Kaufhof to Hudson's Bay for 2.8 billion euros . June 15, 2015 ( welt.de [accessed June 19, 2019]).
  17. ↑ METRO AG: METRO GROUP split up - new METRO and CECONOMY will be listed on the stock exchange tomorrow. In: https://www.ceconomy.de/media/170712-pm_eintragung-register_de_final.pdf . METRO AG, July 12, 2017, accessed on July 12, 2017 .
  18. ^ Metro: Retail group splits into Metro and Ceconomy (Mediamarkt and Saturn). Retrieved June 19, 2019 .
  19. ^ METRO AG: Annual General Meeting of METRO AG. In: https://www.metroag.de/~/assets/metro/documents/investor-relations/general-meetings/2019/hv-2019-rede-olaf-koch-praesentation_de.pdf?dl=1&la=de- de . METRO AG, February 15, 2019, accessed on February 15, 2019 .
  20. ↑ METRO AG: METRO begins the sales process for Real and focuses on wholesale. September 13, 2018, accessed on June 19, 2019 (German).
  21. ↑ METRO AG: METRO and redos agree exclusive negotiations on the sale of Real. May 8, 2019, accessed June 19, 2019 (German).
  22. ↑ METRO AG: Presentation on the speech of the Chairman of the Board of Management: Annual General Meeting METRO AG In: https://www.metroag.de/investoren/hauptversammlung . February 14, 2020, accessed June 9, 2020 .
  23. ↑ ariva.de: Metro St historical prices. Retrieved August 16, 2019 .
  24. ↑ METRO AG: METRO GROUP starts the world's first startup program for digital solutions in the catering industry. In: https://www.ceconomy.de/media/2015-02-10-metro-group-startet-weltweit-erstes-start-up-programm-fuer-digitale-loesungen-in-der-gastronomie_de_1.pdf . METRO AG, February 10, 2015, accessed on February 10, 2015 .
  25. ↑ Startups. In: METRO Accelerator. Retrieved June 19, 2019 (American English).
  26. ↑ METRO AG: CR Report 2017/18. In: https://reports.metroag.de/corporate-responsibility-report/2017-2018/verresponsibility-metro/secure-planet/geschaeftsbetrieb.html . METRO AG, December 13, 2018, accessed on June 19, 2019 .
  27. ↑ METRO AG: How do innovative ideas for retailers come about ? Retrieved on June 19, 2019 (German).
  28. ↑ Metro Accelerator: Support for nine promising start-ups. Retrieved June 19, 2019 .
  29. ↑ PAZO Featured in Economic Times India. In: PAZO. August 10, 2018. Retrieved June 19, 2019 (American English).
personal data
SURNAME Cook, Olaf
BRIEF DESCRIPTION German manager
DATE OF BIRTH June 1, 1970
PLACE OF BIRTH Bad Soden am Taunus , Germany