Dia separates the positions of CEO and president and appoints Martín Tolcachir as the new CEO of the group

MADRID, 30 Ago. (EUROPA PRESS) -

The board of directors of the supermarket chain Dia has approved separating the positions of president and global CEO (first executive) of the group, so that Stephan DuCharme leaves his position as CEO of the company and will continue as proprietary director and non-executive president. executive of the board of directors. Martín Tolcachir, until now CEO of Dia Argentina, will be the new CEO of the group.

As reported by the company to the National Securities Market Commission (CNMV) on Tuesday, Tolcachir will assume the group's strategy at a global level and will lead the execution of the acceleration strategy towards growth in all the countries in which Dia operates.

The new CEO will work together with Stephan DuCharme, who after concluding the redirection phase of the company, "will continue to be closely linked to Dia" and will continue with his functions as non-executive chairman of the board of directors.

"By separating the functions of the president and the CEO, Dia seeks to accelerate its sustainable and profitable growth, concentrating on the development of its strategic priorities and maintaining a closer and closer relationship with all its stakeholders," the company underlines.

Stephan DuCharme, who was appointed CEO of Dia in March 2020, explained that implementing the group's strategy requires developing a new operating model "based on decentralized and empowered national leadership with full responsibility for results, strategically supported by headquarters company corporate".

"We are focused on offering a differentiated value proposition compared to our competitors, a new store concept, reviewing our assortment and accelerating the development of our own brand. But, above all, we are laying the foundations for a new leadership and a solid management team. This roadmap is already a reality and the rise of Martín Tolcachir demonstrates this", added DuCharme.

In this new group structure, Martín Tolcachir, as the company's global CEO, will be responsible for implementing Dia's strategy. His appointment comes after the company completed its 2020 roadmap in 80% of its business.

With a degree in Business Administration and Management from the University of Buenos Aires and an MBA from the IMD Business School, the new global CEO of Dia, who joined the company in September 2020, has more than 20 years of experience in the information sector. distribution and mass consumption, in companies such as Carrefour or Electrolux.

"I face this new challenge with enormous responsibility and enthusiasm, determined to make the sum of the work of all of us who make up Dia reinforce our focus on the client and the strategy of accelerating the growth of our company. To this end, we will continue to focus in proximity, without forgetting the values ​​that give meaning to Dia, its strong social commitment and our firm commitment to franchisees and local suppliers, as well as digitization and e-commerce as levers to reinforce proximity", he highlighted. Tolcachir.

In this new framework of continuity, the group has highlighted that Spain will continue to play an "essential" role for the growth of the company, a market that represents more than 60% of Dia's business and in which it will put even more focus on this new stage.

"The CEO of Dia Spain, Ricardo Álvarez, will play a fundamental role in generating growth and profitability in this market for Grupo Dia and will have the full support of Tolcachir and the company's board of directors," the group assures.