Middelhoff to Remain Arcandor CEO for Another Year

Thomas Middelhoff, chief execuitve oficer of German direct marketer Arcandor AG, has extended his contract by one year to the end of 2009.

At a meeting of the company Wednesday, the parent company of the Quelle catalog also named Marc Sommer, vice chairman of its management board.
Middelhoff was first elected chairman of Arcandor