Reinhard Wolf, the Chairman of the Executive Board and CEO of Raiffeisen Ware Austria (RWA), will step down from his position on November 30, 2024.
His departure is significant for the company as he has played a key role in its leadership.
Johannes Schuster, a member of the Board of Management, has been appointed as Wolf's successor.
This change is part of a strategic move to allow Wolf to focus solely on his responsibilities within the BayWa Board of Management, relinquishing his dual role at RWA.
The leadership transition is expected to bring fresh perspectives to the company as it continues to navigate the changing market landscape.