Surprising departure
Long-time KiK boss Zahn leaves textile discounters
If the boss goes and creates this according to the company “Room for new approaches and impulses”, it seems to have crashed powerfully. After almost twelve years as CEO, Patrick Zahn returns to the fashion retailer.
The textile discounter Kik and his long -time boss Patrick Zahn surprisingly separated. Zahn leaves the company at his own request and ends his work as a KIK CEO with today, the company belonging to the Tengelmann group announced in Bönen, North Rhine-Westphalia.
“With this decision, he creates space for new approaches and impulses, which should support and advance the further transformation of the company,” it said. Kik will comment on the successor in due course. The “Handelsblatt” had previously reported. According to its own information on the LinkedIn portal, Zahn has been KIK boss since the beginning of 2014.
Kik emphasizes: “The company is stable”
The management is still fully able to act, the company stable, it said in the company’s message. Like the entire industry, however, KIK is faced with a challenging market environment and changed framework conditions.
According to information from the “Handelsblatt”, Zahn had asked the Tengelmann owner Christian Haub to dissolve his contract with the Tengelmann owner Christian Haub. In this context, the newspaper quotes Zahns to close business friends from a letter: “Especially in extremely challenging times as today, a company needs a trusting interaction and a maximum of unity in strategic questions between management and shareholders.”
dpa
Source: Stern
