Dr Fredy Raas holds a degree in business administration of the University St. Gallen (Switzerland) with a focus on accounting and controlling. In 1988, he graduated from the doctoral program as Dr oec. HSG. From 1984 until 1986, he was a scientific assistant and lecturer at the Institute of Management of the University St. Gallen. From 1986 until 1991, Dr Raas worked as an inhouse-consultant in the area of central logistics for Siemens group in Munich (Germany) where he managed projects regarding the restructuration of business areas in Europe and the USA. In 1991 Dr Raas joined the still privately held METRO Group as CFO at Metro International Handels AG (until 1996). After the old METRO AG (now: CECONOMY AG) went public in 1996, Dr Raas served as CFO at METRO Cash & Carry Deutschland GmbH, Düsseldorf. From 1998 until 2001, Dr Raas assumed the position of CFO at Praktiker Bau- und Heimwerkermärkte AG, at that time a sales line of METRO Group. In 2001, Dr Raas responded to the call of Prof. Beisheim and assumed several managing positions in the family office of the METRO founder. In 2013, Dr Raas has been reappointed chairman of the foundation board of Prof. Otto Beisheim Stiftung in Munich and vice-president of the foundation council of Prof. Otto Beisheim-Stiftung in Baar, Switzerland. He is also managing director at the respective asset management companies. Since 2013, Dr Raas has been a member of the supervisory board of the old METRO AG. Since 2017, he has also been a member of the supervisory board of the new METRO AG (formerly: METRO Wholesale & Food Specialist AG), the entity to which the METRO wholesale and food retail business was transferred within the scope of the demerger.