Berlin, 17 May 2017 – Gottfried Drescher is the new Managing Director of CB Cash & Carry Management GmbH. In this role, the 56-year-old will be responsible for the administration and development all retail properties at the Berlin-based full-service investment company.
Drescher is moving to the company from Metro Cash & Carry Deutschland, where he most recently managed a sales volume of EUR 1.3 billion and 2,800 employees as head of Sales. From 2010 to 2015, Drescher served as the manager of C+C Schaper GmbH, a wholly owned subsidiary of Metro Cash & Carry. Here he was responsible for projects including the integration of the 51 C+C Schaper stores into the portfolio of Metro Cash & Carry Deutschland.
“In Gottfried Drescher, we have gained a proven expert in the German retail market,” says George Salden, CEO of Capital Bay. “Whether it’s wholesale markets, cash-and-carry stores or supermarkets – Mr Drescher knows the industry like the back of his hand. With his extensive expertise, we will equip our retail portfolio for the future.”