Metcash Limited
(ASX:MTS) CEO Andrew Reitzer will step down from his role on June 30
th, 2013.
Mr Reitzer will continue his employment with the distribution and marketing company as a strategic consultant to its board for a period of three years after his resignation date.
Metcash will retain Mr Reitzers expertise and experience in key customer, supplier, and joint venture relationships.
The Metcash board has begun its planning for CEO succession and hopes to announce Mr Reitzer’s successor in February 2013.
Metcash generated a full year net profit of $ 98.2 million.
