Overview
- Kik said Zahn left at his own request with immediate effect, calling the split a surprise.
- The company said the change creates room for new approaches to advance its transformation.
- Kik emphasized that management remains fully capable and the business stable in a challenging market.
- Handelsblatt reported that Zahn sought contract termination over strategy clashes with Tengelmann owner Christian Haub and cited a letter urging unity between management and shareholder.
- A successor will be announced in due course, and Zahn had led the retailer since early 2014 according to his LinkedIn profile.