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Lidl Unveils Latest CEO Transition as Michal Lagunionek Announces Departure; Joel Rampoldt Named as CEO

Lidl Unveils Latest CEO Transition as Michal Lagunionek Announces Departure; Joel Rampoldt Named as CEO


UNITED STATES
Wednesday, August 9th, 2023

Michal Lagunionek has put a memorable cap on his career at Lidl as he recently announced his retirement. The longstanding executive is departing as President and Chief Executive Officer of Lidl U.S., a role he has held since June 2021. Joel Rampoldt has been named his successor.

Joel Rampoldt, Incoming Chief Executive Officer, Lidl U.S.Rampoldt will succeed Lagunionek as CEO of Lidl U.S., effective in September. He joins from AlixPartners, where he is a partner and Managing Director. Before his tenure with AlixPartners began in 2018, Rampoldt was a principal at consultancy KPMG from 2015 to 2018.

Rampoldt has also served as a partner at Oliver Wyman before KPMG.

Lidl has recently announced that Michal Lagunionek is departing as President and Chief Executive Officer of Lidl U.S., succeeded by Joel Rampoldt

“Working closely with executives and store associates, I help clients execute complex transformational programs,” reads Rampoldt’s LinkedIn bio. “I specialize in programs where profit improvement is reinvested to drive top-line sales. I have a track record in achieving positive financial outcomes in comp sales, gross margin, cost of goods sold, distribution costs, and shrink.”

Michal Lagunionek, President and Chief Executive Officer, Lidl U.S.According to Forbes, Lagunionek took the reins in June 2021, becoming the fourth manager since the retailer first made inroads into North America in 2013. He succeeded Johannes Fieber in the position, who had previously led Lidl's Stateside business since 2018, helping to ramp up expansion and redefine its strategy.

The source also noted that the executive leadership change comes as Lidl continues to expand its U.S. footprint.

DMN will keep a pulse on the radar for more retail shifts.

Lidl
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