Electronics retailer Ceconomy fires CEO


Ceconomy is parting ways with its CEO Pieter Haas. The parent company of electronics market chain Media-Saturn announced on Saturday that both Haas and CFO Mark Frese will be leaving the company. Unlike Haas, who is leaving immediately, Frese will stay in his position until a new CEO has been appointed. The management of Media-Saturn Holding, which was Haas’ responsibility, will fall to former COO Ferran Reverter Planet, who had repositioned Media-Saturn’s business in Spain and Italy. The reason for the staff change is likely the profit warning of early last week, in which Ceconomy again cut its forecast, which it had already lowered in September.

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