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Boss of wholesale group Metro to leave at end of year

FILE PHOTO: Olaf Koch, CEO of German wholesaler Metro AG poses for a picture before the company's annual shareholders meeting in Duesseldorf, Germany, February 14, 2020. REUTERS/Wolfgang Rattay/File Photo

FRANKFURT (Reuters) - The chief executive of Metro AG B4B.DE, who has overseen the sale of the group's retail activities to focus on wholesale trade, will quit the German company at the end of the year.

The group said on Friday that CEO Olaf Koch, who has held the top job since 2012, has told the supervisory board he intends to step down as of Dec. 31.

Reporting by Ludwig Burger; Editing by Susan Fenton

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