By  on August 19, 2014

BERLIN — Speculation and uncertainty continue to mount on the heels of last week’s 100 percent takeover of the struggling Karstadt department store group by the Austrian real estate company and investor Signa.

On Tuesday, contrary to expectations by industry observers and sources close to the retailer, it was revealed Karstadt’s interim chief executive officer, Kai-Uwe Weitz, would be leaving the company. Former labor director Weitz, along with chief financial officer Miguel Müllenbach, had moved into the director’s chair after new Karstadt ceo Eva-Lotta Sjöstedt resigned last July after less than six months. Müllenbach will now temporarily take over Weitz’s responsibilities, Karstadt said.

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