Lidl chairman leaves due to strategy differences
Discount supermarket Lidl has said that its chairman Karl-Heinz Holland is leaving the company due to unbridgeable differences regarding the future strategy of the business.
Part of the Schwarz Group, which is owned by the Dieter Schwarz Foundation, Lidl also confirmed the departure of head of buying and marketing David Jaschok.
Having worked with Lidl for the past 23 years, Holland took over the helm in 2008. Along with Schwarz Group's Klaus Gehrig, he has been credited with driving the retailer’s rapid expansion across Europe.
In a statement Schwarz Group said that Holland had “made a significant contributor to the development of Lidl as the European market leader in the discount segment.”
Lidl, which operates around 600 stores the UK, is Europe’s third biggest retailer behind Carrefour and Tesco.
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