Leadership Change at Hungarian Penny
6 Articles
6 Articles
Philipp Stiehler, an experienced manager at the REWE Group, will continue his career in Hungary in October, while Mathias Mentrop will leave for the Czech Republic.
A new CEO will take over the management of Penny Hungary from October 1, 2026. Philipp Stiehler will take over the position, replacing Mathias Mentrop, who has been leading the domestic chain since 2023. Following the change, the outgoing specialist will continue his career at the head of the group's Czech subsidiary.
The company has more stores in Hungary than Lidl, but its revenue lags behind its competitor.
Philip Stiehler has been managing Penny Hungary since October. The new manager previously managed the chain's local network in a German region.
Philipp Stiehler is a new CEO at the helm of the discount chain's domestic subsidiary.
Leadership change at PENNY, the department store chain has confirmed a new CEO from Germany - Philipp Stiehler will fill the position from October 1.
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