Cologne. The REWE Group Supervisory Board today appointed Telerik Schischmanow (46) to the role of CFO, succeeding Dr Christian Mielsch (58). Schischmanow will assume his new responsibilities after the departure of Mielsch, scheduled for 30 June 2022.
Erich Stockhausen, Chairman of the REWE Group Supervisory Board, explained: “First and foremost, we would like to express our thanks to Dr Christian Mielsch for his outstanding and successful work since his appointment as CFO in September 2012. Our company is currently enjoying a period of unprecedented financial strength, due in no small part to Dr Mielsch. He was also instrumental in the root-and-branch modernisation of our corporate structures carried out under his leadership. Furthermore, the entire Supervisory Board and I are particularly grateful to Dr Mielsch for the important strategic decisions he has overseen, which have allowed us to overcome the huge operational and financial challenges we faced due to the coronavirus crisis. By appointing Telerik Schischmanow as his successor, we have now laid the foundations for a smooth transition on the REWE Group Management Board. The Supervisory Board believes that this internal solution will guarantee maximum stability and a positive future in a key area of the Management Board.”
Lionel Souque, CEO of REWE Group, added: “I’m delighted that Telerik Schischmanow has been appointed the future CFO of our company. He knows our company inside out and has demonstrated his outstanding expertise time and again in a range of different posts over his many years of service. As Executive Board Member for our largest business area, Retail in Germany, he has played a crucial role in the successes of REWE and PENNY since 2016. This has been ideal preparation for the tasks ahead. I would like to extend my gratitude to Dr Christian Mielsch for the excellent working relationship that will continue until his contract ends next year.”
Telerik Schischmanow joined the REWE Group in 2006 as Head of Mergers & Acquisitions. From 2009 until 2011, he was the CFO of transGourmet Holding SE, in which the REWE Group held a 50% stake. He returned to the REWE Group as Executive Vice-President in September 2011, a role in which his responsibilities included corporate development, strategy and corporate control. He has been the Executive Board Member for Retail in Germany since 2016, with responsibility for administration and services.
Prior to his appointment to the REWE Group Management Board, Dr Christian Mielsch held a number of different positions at Metro Cash&Carry from 1997 to 2012, including CFO of Metro Cash&Carry for the German and international markets and COO of Metro Cash&Carry Central East Europe.