Penny Market Rewe

The Germany-based Penny discount chain has announced this week that its head of buying ad category management, Alfred Glander, is to depart the company at the end of the month.

According to the Rewe Group-owned discounter, Mr Glander is leaving at is own request, Kam City reported.

Mr Glander joined the group in October 2009, having earlier worked at Tengelmann's Plus discount banner.

His exit marks the second executive department at Rewe in a matter of months, following the loss of head of discoutn international Armin Rehberg in October last year.