Chair of Strategy and Marketing

Prof. Dr. Martin Fassnacht quoted at Business Insider

Business Insider asked him to comment on frequent management changes in the Schwarz Group.

Both Lidl and Kaufland are currently managed by the interim CEOs. Business Insider talked with Prof. Dr. Martin Fassnacht about frequent management changes within the Schwarz Group. "The competition in the sector is simply incredibly harsh," says Prof. Fassnacht, explaining the high fluctuation rate. “Nevertheless, the Schwarz Group must necessarily bring calm to its management”, Prof. Fassnacht warns. He also emphasized that the upcoming appointments at Lidl and Kaufland could be used as an opportunity. "It would be time for a female CEO," Prof. Fassnacht said.

Read the full article here.