UK Markets open in 5 hrs 44 mins

Lidl GB boss Christian Härtnagel promoted to Germany role

·1-min read
People queue in from on the Lidl shop to buy food during coronavirus disease (COVID-19) outbreak in Olsztyn

LONDON (Reuters) -The boss of discount supermarket Lidl GB, Christian Härtnagel, has been promoted to the role of CEO at Lidl Germany, the largest of the Lidl businesses, the group said on Friday.

Lidl GB said deputy CEO Ryan McDonnell, 44, will succeed Härtnagel, 39, as Lidl GB CEO next year.

Härtnagel will start in his new role on March 1 2022, ending an over five-year stint in Britain, during which Lidl GB's market share has risen from 5% to 6.2% as store numbers grew from 650 to 880 and staff numbers rose from 17,000 to 26,000.

He will replace current Lidl Germany CEO and member of Lidl’s international board, Matthias Oppitz, who will take on a new international role on the board.

McDonnell is a 21-year veteran of the group and was Lidl GB's chief commercial officer for six years before becoming deputy CEO this year. He will take up his new role on Feb. 1.

On Wednesday, Härtnagel, said Lidl GB's German owner, the Schwarz group, was not concerned about low profitability in the British business because it is investing for the long term, setting a new target of reaching 1,100 stores by 2025.

Britain's food retail sector has been transformed in the past decade by the rise of Lidl and fellow German-owned discounter Aldi, which have driven down returns at the Big Four of Tesco, Sainsbury's, Morrisons and Asda.

(Reporting by James Davey; editing by Costas Pitas)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting