German supermarket giant Aldi-Nord CEO resigns

Source: Xinhua| 2018-09-07 19:45:33|Editor: Yurou
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BERLIN, Sept. 7 (Xinhua) -- The CEO of the German supermarket giant Aldi Nord, Marc Heussinger, has given up his post, as the company announced on Friday at its Essen headquarters.

Aldi, founded in 1946, is the collective brand of two global supermarket discount chains. The business was split into two separate groups in 1960, that later became Aldi Nord and Aldi Sued.

Heussinger has managed the Aldi Nord company since 2011.

Until further notice, Heussinger's deputy Torsten Hufnagel will assume overall responsibility in the Board of Directors, according to the company.

The growth rates of Aldi Nord have remained below expectations. In the first half of 2018, food sales declined by 0.2 percent while at the same time, sales at the sister company Aldi Sued increased by 3.3 percent.

Since summer 2017, Aldi Nord branches have been modernized under the project name "Aniko". In Germany, all of the approximately 2,300 stores are to be given a modern look. The project also includes an expansion of the organic product lines, as well as Aldi's range of fresh products such as meat and fish.

According to the German press agency dpa, Heussinger has been blamed internally as well as by the owner families of not implementing the modernization program quickly enough.

Heussinger is said to have had the impression that the Jakobus Foundation, one of three foundations that own Aldi Nord, no longer trusted him. A spokesman for Aldi Nord declined to comment.