Laboratory group: Galeria separates from his boss

The department store group Galeria separated from his boss Olivier van Den Bosche. Instead, the other two members of the management manage the company as a dual leadership, as can be seen from a message from Galeria in Essen. Tilo Hellenbock was previously responsible for sales in the management, he becomes an operational chief (Chief Operating Officer, COO). Christian Sailer will remain the head of finance, he will be in charge together with Hellenbock in the future.

“With this step, the leadership structure is tightened and the focus is on the further promotion of the company’s turnaround,” said the company announcement. Set the course for a successful future.

The department store has several bankruptcies, the number of branches has shrunk over the years to only 83. Since last summer, the US investment company NRDC and a participation company of the entrepreneur Bernd Beetz have been owners of Galeria S.à Rl & Co. KG, as the company name is now-Karstadt and Kaufhof, as the department store rivals were called and who finally merged, have disappeared from the company name.

Manager van den Bosssche initially came to Galeria in 2022, in June 2023 he became company boss (CEO). The message states that his leadership was “decisive for the positive development of the company during bankruptcy and restructuring. Nevertheless, he has to vacate his executive chair after less than two years. They wanted to continue to advance growth, said from the new double leadership.

Galeria emphasizes that despite the economically difficult framework conditions, the starting point has “excellently” and that the positive business result has been more than 100 million euros better since the beginning of the year than in the previous year. “Galeria is on a strong financial foundation.” The company did not provide details on business figures on request.