Michal Lagunionek Named New CEO of Lidl US

Lidl US has named Michal Lagunionek the new CEO of the company, taking over for Johannes Fieber, who is resigning after holding the position for three years, according to media reports.

Company officials state that Fieber sent a memo to employees explaining that he will be taking a break from his career to spend more time with family.

“Michal is one of Lidl’s most experienced and accomplished executives,” Fieber said. “He is an exemplary leader and brings more than two decades of international retailing experience to Lidl US. I have had the privilege of working closely with Michal and can attest to how well-positioned he is to drive our business forward. I am happy to assist him and the entire team during his transition period.”

There are currently more than 12,000 store locations spanning 33 countries, and there are approximately 103 stores in the US. Lagunionek will be the fourth US CEO the company has had since it expanded into the US in 2015.