Zalando co-CEO Rubin Ritter intends to Step down in 2021

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Europe’s on-line platform for vogue, Zalando’s co-CEO Rubin Ritter has knowledgeable Cristina Stenbeck, chairperson of supervisory board, about his intention to step down from his position as co-CEO on the AGM in 2021. Stenbeck introduced that the supervisory board will work along with Ritter to dissolve his contract, which as of at this time runs till November 2023.

 

“My determination is the results of many months of cautious consideration. After greater than 11 wonderful years the place Zalando has been my precedence, I really feel that it’s time to give my life a brand new path. I wish to dedicate extra time to my rising household. My spouse and I’ve agreed that for the approaching years, her skilled ambitions ought to take precedence. And concerning my very own future, I’m keen to permit myself time to discover new pursuits past Zalando. I’ve at all times felt that being part of the Zalando staff is a present and a privilege, and it is going to be extremely laborious for me to go away it behind. Zalando has allowed me to be a part of a shocking success story that has exceeded my wildest desires. I shall be transitioning out of my position at a time the place the corporate continues to speed up and stays uniquely positioned for future success. Zalando’s position within the European digital economic system will additional develop, and in my remaining months I’ll be certain that we proceed to quickly advance the execution of our technique,” Ritter mentioned in a press launch.

 

“Whereas the supervisory board clearly regrets Ritter’s determination, now we have the very best respect for the underlying private motivation and we vastly admire his transparency and openness in giving the board and the corporate ample time till his departure to safe the following steps of this administration transition. Through the 9 years I’ve identified Ritter, I’ve seen first hand the sort of dedication, strategic readability and decisive management that Ritter has delivered to Zalando. As we glance to finish arguably essentially the most extraordinary yr of Zalando’s historical past we are able to solely be immensely grateful to Rubin and the broader management staff for the place of power through which Zalando finds itself at this time. We’re trying ahead to persevering with to work carefully with Rubin over the approaching months, and we hope that he’ll stay near Zalando for the long-term,” Stenbeck mentioned.

 

Since 2010, Robert Gentz, David Schneider and Rubin Ritter have led Zalando as a staff of three co-CEOs. Throughout that point, Zalando grew from a startup to Europe’s main on-line platform for vogue and way of life with 14,000 staff on its strategy to obtain greater than €10 billion gross merchandise quantity in 2020. Gentz and Schneider will proceed to guide Zalando as co-CEOs after Ritter’s departure. 

 

“Once we began to ship the primary footwear to our prospects from the basement of our workplace, we didn’t know the place the journey would lead us. It’s unattainable to overstate Ritter’s impression on Zalando’s success. We’ll miss him dearly as a strategic thinker and chief,” Gentz mentioned within the launch.

 

“Ritter at all times has been a job mannequin to many within the firm. We owe him lots, as a enterprise associate and buddy. I’m certain that he’ll keep carefully linked to Zalando,” Schneider mentioned.

Fibre2Fashion Information Desk (JL)

Europe’s on-line platform for vogue, Zalando’s co-CEO Rubin Ritter has knowledgeable Cristina Stenbeck, chairperson of supervisory board, about his intention to step down from his position as co-CEO on the AGM in 2021. Stenbeck introduced that the supervisory board will work along with Ritter to dissolve his contract, which as of at this time runs till November 2023.





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