MİGROS TO HAVE A SEAT IN THE ADMINISTRATION OF WORLD'S LARGEST RETAIL ORGANIZATION

26-09-2013

Migros Ticaret A.Ş. CEO Özgür Tort is elected from the retail committee to the board of directors of world's largest Retail business association, Consumer Goods Forum (CGF) in its 2013 Global Summit held in Tokyo. Tort's election made Migros the only name from Turkey with a seat in the board of directors of the Consumer Goods Forum. Representing a membership counting of more than 400, with a turnover of 2.5 trillion Euros, Consumer Goods Forum brought leading retailers and producers of the world in its 57th summit.

Migros Ticaret A.Ş. CEO Özgür Tort is elected to the board of directors of Consumer Goods Forum, an association of more than 400 retailing firms from 70 countries, as a retailing business network directed by its members and leading the retail business worldwide. Having born out of the merger of CIES – The Food Business Forum, Global Commerce Initiative, and Global CEO Forum in June 2009, the Consumer Goods Forum is directed by the Board of Directors comprising CEOs and chairmen of 50 global producers and retailers. The forum offers a unique global platform for information exchange as well as initiatives formed with five strategic priorities which are elementary for the progress of the contemporary consumer products and retailing business in mind: "Rising Trends, Sustainability, Safety and Health, Operational Excellence, Information Sharing and Employee Development".

Migros CEO Özgür Tort in the Board of Directors of Consumer Goods Forum...
The CGF global meeting held in Istanbul, Turkey in year 2012, marks an anniversary of the first summit held in Rome in 1956, bringing together the leaders of the industry in order to reinforce its vision. The board of directors membership election in the 57th meeting held in Tokyo in 2013 saw Migros Ticaret A.Ş. CEO Özgür Tort elected to the board of directors from the retail committee. Tort's election made Migros the only name from Turkey with a seat in the board of directors of the Consumer Goods Forum.

The organization's management is composed of two committees: producers and retailers. The organization directed by a board of directors of 50, comprising 25 CEOs of world leaders producing consumer goods, and 25 CEOs of global retailing groups, is a body where global leaders such as Walmart, Ahold, The Coca Cola, P&G, Unilever, Kroger, Marks&Spencer, PepsiCo, and Johnson&Johnson are represented through their CEOs and Chairmen.

A turnover of 2.5 trillion Euros, interaction with a population of 100 million...
The meetings organized by CGF and attended by globally successful executives of the business shape the agenda for the consumer products and retailing business, while creating an important platform where CEOs exchange opinions and recommendations. The companies which are in competition in the commercial arena meet for information sharing regarding their mode of operation, sustainability, the environmental impact of business, and seeking ways to achieve improvements. The forum where major issues and the problems the business may face in the future are voiced, also offers a venue for discussing the proposed solutions for previously identified difficulties.

CGF with its headquarters in Paris, and management offices in Tokyo and Washington DC is in uninterrupted contact with its members all over the world, and represents a global turnover of 2.5 trillion Euros achieved by its members, while offering a channel for direct interaction with 10 million employees as well as interaction with 90 million workers in supply and services partners.