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Media-Markt und Saturn schließen Dutzende Filialen

Ceconomy appoints new CEO and simplifies management structure

Ceconomy. He will also become CEO of Media-Saturn-Holding-GmbH (MediaMarktSaturn), bringing an end to the double management structure.   Double role As Ceconomy s new chief executive, Wildberger will succeed Dr Bernhard Düttmann, who has led the group on an interim basis over the previous 18 months. At MediaMarktSaturn, he takes the place of current CEO Ferran Reverter Planet. The whole operation is part of the simplification and unification of Ceconomy s management structure. Last month Florian Wieser, CFO at MediaMarktSaturn, was already appointed CFO of Ceconomy.   Wildberger will be moving over from E.ON SE, where he held the position of CEO. With Dr Karsten Wildberger, we are gaining an internationally experienced manager who brings with him the necessary experience in operational sales, digital transformation processes and a clear customer focus, said Thomas Dannenfeldt, chairman of the supervisory board of the German electronics group.

Reflation Panic Sparks Global Stock Rout

by Tyler Durden Tuesday, May 11, 2021 - 07:48 AM Yesterday was bad, but not too bad, and we titled our morning market wrap Futures Flat As Soaring Commodities Depress Tech Stocks. 24 hours later it s much worse, as the rout that hammered US tech stocks on surging inflation fears (see This Is Not Transitory : Hyperinflation Fears Are Soaring Across America ) has now gone global, with markets in Asia and Europe hammered and S&P futures sliding 0.8%, while Nasdaq futures tumbled by another 1.3% after Monday s 2.6% rout. Treasuries were steady ahead of today s 3Y auction while the dollar erased its gains and dropped to session lows.

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