Ceconomy AG (MTTRY) announced on Friday, that Chief Executive Officer Kai-Ulrich Deissner has informed the company's Supervisory Board that he intends to step down from his role during 2026 for personal reasons.
The company said its Supervisory Board will review Deissner's request and discuss succession planning for the CEO position at its upcoming meeting scheduled for March 12, 2026.
CECONOMY added that further details regarding leadership transition will be determined following the board's deliberations.
MTTRY is currently trading at $1.06, up $0.12 or 12.77 percent on the OTC Markets.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.