By Anthony Shevlin 
 

Germany's Ceconomy AG (CEC.XE) said Tuesday that has it appointed Bernhard Duettmann to its management board on an interim basis, assuming the duties of outgoing chief financial officer Mark Frese.

Ceconomy said Mr. Duettmann's appointment is effective Jan. 1, following Mr. Frese's previous request to leave the company at the end of the year. Ceconomy said the search for a permanent chief financial officer is continuing.

Meanwhile, the German company said its search for a new chief executive is going to plan following Pieter Haas's decision to part ways with the company in October.

Shares in Ceconomy have fallen sharply this year, with the decline accelerating after two profit warnings in quick succession during September and October.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

(END) Dow Jones Newswires

December 18, 2018 12:18 ET (17:18 GMT)