Florian Wieser. Credit: CECONOMY Group

MediaMarktSaturn CFO Florian Wieser becomes new CFO of the CECONOMY Group

Florian Wieser, CFO of MediaMarktSaturn Retail Group, to serve as Ceconomy Group CFO as of 1 May 2021.

Ceconomy AG has taken the first decisive step in establishing a uniform management structure of the CECONOMY Group. The Supervisory Board of Ceconomy decided to appoint Florian Wieser, Chief Financial Officer (CFO) of MediaMarktSaturn Retail Group (MediaMarktSaturn) since November 2018, as CFO and member of the Management Board of Ceconomy with effect from 1 May 2021. He is assuming the mandate of Karin Sonnenmoser, who is leaving the company on 30 April 2021.

The Supervisory Board and Karin Sonnenmoser have decided to part ways by mutual agreement.In addition to his function as CFO of Ceconomy, Florian Wieser will continue to act as Managing Director Finance of MediaMarktSaturn and has the full support of Convergenta Invest GmbH (Convergenta), the future largest shareholder of Ceconomy.

“We are very pleased to have been able to recruit Florian Wieser as CFO in the run-up to the upcoming simplification of the governance structures of the Ceconomy group. In his role as CFO of MediaMarktSaturn, Florian Wieser has significantly increased the performance of the finance division in challenging times, demonstrated a clear focus on results and sustainably improved the steering capability of the business. He knows the business in detail like hardly anyone else”, says Thomas Dannenfeldt, Chairman of the Supervisory Board of Ceconomy.

“The Supervisory Board is very grateful to Karin Sonnenmoser for her achievements for Ceconomy. She has made a significant contribution to regaining trust and building a track record with the capital market. In an unpredictable time during the first wave of the COVID-19 pandemic, Karin Sonnenmoser played a key role in safeguarding access to additional liquidity in form of the KfW syndicated loan. Recently, she was also closely involved in finding a historic solution with the Kellerhals family and has set up important steps for the future corporate financing”, says Thomas Dannenfeldt, Chairman of the Supervisory Board of Ceconomy.

Karin Sonnenmoser assumed the position of CFO at CECONOMY in March 2019. She began her career at Volkswagen in 1995, where she was, among other positions, Secretary General of the Chairman of the Board of Management of Volkswagen AG. Thereafter she held a number of senior management positions in the areas of Finance and Controlling at the Volkswagen Group before she moved on in 2014 to assume the position of CFO at Zumtobel Group AG.

After studying business administration, the business graduate Florian Wieser initially worked as a management consultant before joining METRO Group, where he held various senior finance positions between 2011 and 2017. Prior to his appointment as CFO of MediaMarktSaturn, Florian Wieser was CFO of the German country organization MediaMarktSaturn Germany and before that Vice President Operations & Finance for the Southern Europe region.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Across Retail Talks online, May 19, 3pm (cet)

Challenge accepted: What does it take right now to implement successful retail concepts?

SES focuses on multifunctional use at shopping locations

CITYPARK Graz, Austria to offer modern plasma donor center.

Lena Hoschek is opening her new Flagship Store with 300m² on May 3rd – thanks to Colliers as leasing agent

The Austrian star designer Lena Hoschek is opening on May 3rd a new Flagship Store in the heart of Vienna.

De Gasperi Passage in Germany: Home and decoration retailer Rusta follows Karstadt Sport

Nice prospects for Norderstedt: Rusta, the Scandinavian specialist for home, garden and leisure items, will be the new anchor tenant in De-Gasperi-Passage with more than 2,500 m² of retail space. With the signing of the long-term lease, the successful starting shot has been given for the re-letting of the former Karstadt space.

Resignation of Cédric Biquet as CFO of Wereldhave Belgium

Wereldhave Belgium NV announces the resignation of Mr. Cédric Biquet as Chief Financial Officer of the Company.

Altera Vastgoed acquires Albert Heijn supermarket in Nijmegen, Netherlands, from Ten Brinke

Real estate investor Altera Vastgoed NV (hereinafter: Altera) recently added a supermarket to its portfolio. This investment, located in the municipality of Nijmegen, is the 43rd supermarket Altera has added to its retail portfolio.