Management board expanded

Tengelmann focuses on the transformation of Obi

Obi is the largest German DIY retailer in terms of sales volume.(Source: Dähne Verlag)
Obi is the largest German DIY retailer in terms of sales volume.

Tengelmann Holding, the parent company of Germany's largest DIY store operator Obi, is reshuffling its management board and plans to increase its support for the transformation at Obi. Andreas Guldin, a member of Tengelmann's executive board since 2018, is now chief global strategist. As chief representative, he is working closely with the sole managing partner Christian Haub to prepare for the generational change, according to a press release. As chief financial officer, Ágnes Faragó has additionally assumed responsibility for the topics of real estate, compliance and IT.

At the end of 2022, CEO Christian Haub added two members to his executive board. As chief people officer, Jela Götting has been responsible for people and transformation in the organisation since 2021 and now also assumes responsibility together with Christian Haub for the topic of sustainability.

Alfred Gutekunst, who has been with the company since 2020, is now responsible for the further development of the major portfolio companies Obi and Kik as chief retail officer. In addition, he continues to be responsible for the family office of the shareholders, where he worked for the managing partner for almost ten years.

Under the heading "Transformation of existing retail holdings Obi and Kik", the company writes: "The focus is equally on accompanying the existing large retail holdings Obi and Kik, which have proven to be very resilient and stable in the last few crisis years, in their transformation as an active shareholder." Even though both companies are well positioned in the market today, it is necessary to develop further strategically and operationally on account of the continuing significant changes in the environment and also due to the competition. In particular, this entails even more consistent orientation towards the needs of the customers, but also efficiency gains within the organisations.

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