Finance

Ceconomy supervisory board to meet March 12 to discuss next steps, departing CEO says

Published by Global Banking & Finance Review

Posted on March 6, 2026

2 min read

· Last updated: April 1, 2026

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Ceconomy supervisory board to meet March 12 to discuss next steps, departing CEO says
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BERLIN, March 6 (Reuters) - The departing chief executive of Ceconomy told Reuters on Friday that the German electronics retailer's supervisory board is set to meet on Thursday to discuss the next

Ceconomy to propose CFO Remko Rijnders to replace outgoing CEO

Leadership Transition and Strategic Developments at Ceconomy

Announcement of CEO Succession

BERLIN, March 6 (Reuters) - Ceconomy said on Friday that it would propose Chief Financial Officer Remko Rijnders to replace Kai-Ulrich Deissner as the company's chief executive.

Background on Kai-Ulrich Deissner's Departure

The German electronics retailer said earlier on Friday that Deissner, who only took over as CEO last year, was stepping down for personal reasons. Deissner told Reuters in an interview that the supervisory board was set to meet on Thursday to discuss his succession.

Deissner's Tenure at Ceconomy

Deissner served as chief financial officer at Ceconomy since February 2023 before being appointed to the CEO role in May 2025. Rijnders took his place as CFO at the time.

Ceconomy's Acquisition by JD.com

Ceconomy is about to be taken over by Chinese tech group JD.com.

Regulatory Approval and Support

Deissner, who has supported the takeover by JD.com, said regulatory approval of the acquisition was expected in the first half of this year.

Strategic Benefits from JD.com

Ceconomy, which owns the MediaMarkt and Saturn electronics retail chains, aims to benefit from JD.com particularly in the areas of logistics and technology.

(Reporting by Matthias Inverardi, writing by Linda Pasquini, editing by Miranda Murray)

Key Takeaways

  • Ceconomy’s supervisory board meets March 12 to chart path forward following CEO’s announced departure.
  • JD.com has secured c. 59.8% of Ceconomy via its takeover offer and aims to close the deal in the first half of 2026, pending foreign investment and EU clearance.
  • MediaMarkt and Saturn benefit from JD.com’s logistics and tech prowess; Spain led Ceconomy’s strong growth in 2025, boosting its appeal ahead of the deal.

References

Frequently Asked Questions

Why is Ceconomy's CEO stepping down?
Ceconomy CEO Kai-Ulrich Deissner is stepping down this year for personal reasons.
When will Ceconomy’s supervisory board meet to discuss the next steps?
Ceconomy's supervisory board will meet on March 12 to discuss the next steps.
Who is acquiring Ceconomy?
Ceconomy is set to be taken over by Chinese tech group JD.com.
When is regulatory approval for the JD.com acquisition expected?
Regulatory approval of the JD.com acquisition is expected in the first half of this year.
Which retail chains does Ceconomy own?
Ceconomy owns the MediaMarkt and Saturn electronics retail chains.

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