Penny Market CEO Quits After Driving Revenue To Over EUR400m

07.27.2012 By Cristina Roşca

Frank Wagner, chief executive officer of discount retail chain Penny Market, part of Germany’s Rewe group, has quit his position after two years. Revenue went up to more than EUR400 million during his term, while profit fell to the last two years’ low.

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Keywords:
PENNY MARKET
, WAGNER
, REWE
, CEO