“The decision was made at the Praktiker group level, and was imposed by the need to boost the activity of the Turkish company,” said the retailer’s press release.
Michael Krahn has almost 20 years of experience within the Praktiker group, and was member of the Praktiker Romania Board of Directors since 2002, and served since the end of 2007 as the retailer’s Sales Manager.
“Praktiker Romania is the leader of a market which is extremely dynamic and increasingly competitive. Our intention, mine and that of my colleagues on the Board of Directors, is to consolidate this position,” said Krahn.
During Vosskaemper’s mandate, the retailer registered the best evolution in the entire German group. The local division posted sales worth RON 1.077 billion (€293 million) in 2008, up 28.4 percent in lei year-on-year, due to the network’s five new stores. Last year, the Praktiker group registered its all-time best operating result, of €129.1 million, 11.3 percent higher than the 2007 result.
