Lidl Stiftung & Co KG has confirmed the departure of CEO Karl-Heinz Holland.
The German discount chain said it had reached an agreement with Holland to terminate his contract on Monday citing “differing views concerning the future strategy of the business” as the reason behind his departure.
Holland – who had been CEO since 2008 and involved within Lidl since the early 90s in various senior roles including head of purchasing – was central to Lidl’s expansion into Europe.
France (1,500 stores) and the UK (600 stores) are currently Lidl’s two biggest markets outside of Germany (3,300 stores), where it is the second largest retailer behind Aldi.
According to media reports in Germany, purchasing chief Dawid Jaschok has also left the business.
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