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Germany's Metro AG says it approves departure of CEO Koch by year-end

Annual general shareholders meeting of Metro AG in Duesseldorf

FRANKFURT (Reuters) - The supervisory boad of Metro AG <B4B.DE> on Sunday approved the decision by CEO Olaf Koch to quit the German retailer by the end of the year, the company said.

The group will start a structured process to look for a successor, it said.

(Reporting by Christoph Steitz; Editing by Frances Kerry)