The Haniels hand over power to a next generation at Metro

The Haniel family used to control Metro as a majority shareholder and currently holds a 34 percent stake in the group. The idea is apparently to reduce the share down to 20-odd percent until 2020. Franz Haniel’s stepping down will be subject to the shareholders’ annual general meeting next February. Steinemann, the named successor, previously worked for Unilever and is an expert in consumer goods and retailing.

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