REWE Group Management Board member Jan Kunath commented: "We regret Espen Larsen's decision, but we understand and respect his personal decision. We would like to thank Mr Larsen for his many years of intensive commitment to our international retail business and wish him every success for his personal and professional future."

After almost 15 years at REWE Group, the time has come for me to open a new chapter. I would like to thank you from the bottom of my heart for the trust you have placed in me and the excellent cooperation with my colleagues on the Management Board and my entire team at BILLA CEE & IKI. I am proud of our joint successes! I am delighted that Marcel Haraszti, a colleague whose heart has always beaten for our international business, is taking over my role," says Espen B. Larsen.

Marcel Haraszti: "I would like to thank Espen Larsen for the excellent cooperation. Together on the RIAG Management Board, we have decided on important projects and initiatives that have moved our company forward. I am looking forward to taking over the BILLA CEE & IKI agenda in the autumn and continuing to lead the department. Together, we will set the course for a successful future and continue the positive developments that have already been initiated."

REWE International AG Management Board member Michael Jäger adds: "I would like to thank Espen Larsen for his valuable cooperation and his tireless efforts. His commitment and expertise have played a key role in shaping our company. I wish him all the best for the future and am grateful for our joint successes."

Espen B. Larsen's position will not be filled. His colleague on the Management Board, Marcel Haraszti, will take over his responsibilities as of 1 October 2025, in addition to his responsibility for the full-range business in Austria (BILLA, BIPA, ADEG). Between 1 June and 1 October 2025, the BILLA CEE / IKI unit will report directly to Jan Kunath, the REWE Group Management Board member responsible for Retail International.

Espen B. Larsen has been the REWE International AG Management Board member responsible for the full-range business in Central and Eastern Europe (BILLA, IKI) since 2021. Prior to this, he was a member of the management of PENNY International from October 2018. He was responsible for Purchasing, Purchasing Organisation, Strategic Marketing, Sustainability, Expansion and Construction.

mr Larsen joined REWE Group in 2010 as CEO PENNY Italy. In June 2014, he took over the role of CEO at PENNY Czech Republic until his move to the management of PENNY International.

Marcel Haraszti has been a member of the Management Board of REWE International AG since 2016. He began his career in the REWE Group in 2001 and, after working as an assistant to the Management Board in Austria, moved to the management of BILLA Ukraine in 2004. From 2007 to 2008, Marcel Haraszti was CEO of BILLA Romania. He was then appointed Chairman of the Managing Directors of the IKI retail group in Lithuania. In 2012, Haraszti joined the management of REWE full-range in Germany, where he was responsible for the southern region.