BERLIN – German discount supermarket chain Lidl has removed Karl-Heinz Holland from his position as chairman, citing "unbridgeable", but undisclosed, differences over future strategy.
In an unusually blunt statement, the secretive company said Holland was leaving after more than five years as chairman, 12 years on the board and a total of 23 years at Lidl, but did not say who would be replacing him.
"He has made a significant contribution to the development of Lidl as the European market leader in the discount segment," the Schwarz group, which owns Lidl, said.
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