About Migros

Subsidiaries & foundations

The Migros Group includes the Migros Industrie companies, various retail, health and travel companies, Migros Bank and several foundations. On an organisational level, these are assigned to the members of the Executive Board of the Federation of Migros Cooperatives.

Governing bodies

Generally, the subsidiaries are wholly owned by the Federation of Migros Cooperatives (FMC). They are strategically managed by members of the Executive Board. The member responsible for the area usually acts as the chair of the respective board of directors.

The members of the Executive Board are also responsible for the composition of the boards of directors, which are generally made up of internal members. External members are appointed if additional expertise is needed or if required by law. The Board of Directors decides on external appointments, based on the recommendations of the Executive Board and the Remuneration and Nominations Committee. The following all have external members: Denner AG, Medbase AG, Migros Supermarket Ltd and Migros Bank AG.

Subsidiaries and direct participatory interests (operational), by strategic business unit, as well as foundations and pension fund, as at 31 December 2025:

Food Retail

Migros Supermarkt

Migros Supermarket Ltd
Unternehmensleiter: Peter Diethelm

Chairman of the Board of Directors Guido Rast

Members of the Board of Directors Mario Irminger (internal), Mario Caldelari (internal), Mattia Keller (internal), Martin Lutz (internal), Reto Sopranetti (internal), Hubert Weber (external)

Employees 804 (–14.2 %)

Migros Industrie

Migros Industrie Ltd.
Managing Director: Daniel Egli

Chairman of the Board of Directors Matthias Wunderlin

Members of the Board of Directors Hans-Ruedi Christen (internal)

Employees 196 (–20.2 %)

Denner

Denner AG
Managing Director: Torsten Friedrich

Chairman of the Board of Directors Michel Gruber

Members of the Board of Directors Christian Biland (external), Christine Rittner-Koch (external), Anita Weckherlin (internal), Isabelle Zimmermann (internal)

Employees 6’532 (+0.1 %)

migrolino

migrolino AG
Managing Director: Lorence Weiss

Chairman of the Board of Directors Michel Gruber

Members of the Board of Directors Exclusively internal

Employees 196 (+2.8 %)

Migrol

Migrol AG
Managing Director: Andreas Flütsch

Chairman of the Board of Directors Michel Gruber

Members of the Board of Directors Exclusively internal

Employees 232 (–3.1 %)

Non-Food Retail

Digitec Galaxus

Digitec Galaxus AG
Managing Director: Florian Teuteberg

Chairman of the Board of Directors Michel Gruber

Members of the Board of Directors Exclusively internal

Employees 2’707 (+18.6 %)

Health

Medbase

Groupe Medbase
Managing Director: Marcel Napierala

Chairman of the Board of Directors Mario Irminger

Members of the Board of Directors Reto Dahinden (external), Benno Fuchs (external), Martin Lutz (internal), Claudia Pletscher (external)

Employees 4’319 (+1.7 %)

Financial Services

Migros Bank

Migros Bank AG
Managing Director: Manuel Kunzelmann

Chairman of the Board of Directors Bernhard Kobler

Members of the Board of Directors Barbara Bieri (internal), Serena Fioravanti (external), Michael Hobmeier (external), Mario Irminger (internal), Alois Schärli (external), Isabel Stirnimann Schaller (external), Isabelle Zimmermann (internal)

Employees 2’001 (+5.9 %)