BERLIN – The chief executive of German electronics retailer Ceconomy announced Friday his intention to resign from his position later this year, citing personal circumstances, as the company moves forward with a planned acquisition by Chinese technology giant JD.com.
Kai-Ulrich Deissner informed Reuters that Ceconomy’s supervisory board will convene next Thursday, March 12, to determine the company’s future direction following his departure announcement.
Deissner transitioned to the chief executive position in May 2025 after serving as the company’s chief financial officer beginning in February 2023.
The outgoing executive, who has backed the proposed JD.com acquisition, indicated that regulatory clearance for the deal is anticipated during the first six months of this year.
The German retailer, which operates the well-known MediaMarkt and Saturn electronics store brands, expects to leverage JD.com’s expertise in logistics operations and technological capabilities following the acquisition.
