Zalando Co-CEO Rubin Ritter Intends To Step Down At Next AGM
|
DGAP-News: Zalando SE
/ Key word(s): Personnel
Zalando Co-CEO Rubin Ritter Intends To Step Down At Next AGM
BERLIN, DECEMBER 6, 2020 // Zalando SE Co-CEO Rubin Ritter has today informed Cristina Stenbeck, Chairperson of the Supervisory Board, about his intention to step down from his role as Co-CEO at the AGM in 2021. Cristina Stenbeck announced that the Supervisory Board will work together with Mr. Ritter to dissolve his contract, which as of today runs until November 2023. Rubin Ritter, Co-CEO Zalando SE, says: "My decision is the result of many months of careful consideration. After more than 11 amazing years where Zalando has been my priority, I feel that it is time to give my life a new direction. I want to devote more time to my growing family. My wife and I have agreed that for the coming years, her professional ambitions should take priority. And regarding my own future, I am eager to allow myself time to explore new interests beyond Zalando. I have always felt that being a part of the Zalando team is a gift and a privilege, and it will be incredibly hard for me to leave it behind. Zalando has allowed me to be part of a stunning success story that has exceeded my wildest dreams. I will be transitioning out of my role at a time where the company continues to accelerate and remains uniquely positioned for future success. Zalando's role in the European digital economy will further grow, and in my remaining months I will ensure that we continue to rapidly advance the execution of our strategy." Cristina Stenbeck, Chairperson of the Supervisory Board, says: "While the Supervisory Board clearly regrets Rubin's decision, we have the highest respect for the underlying personal motivation and we greatly appreciate his transparency and openness in giving the Board and the Company ample time until his departure to secure the next steps of this management transition. During the nine years I have known Rubin, I have seen first hand the kind of commitment, strategic clarity and decisive leadership that Rubin has brought to Zalando. As we look to end arguably the most extraordinary year of Zalando's history we can only be immensely grateful to Rubin and the broader leadership team for the position of strength in which Zalando finds itself today. We are looking forward to continuing to work closely with Rubin over the coming months, and we hope that he will remain close to Zalando for the long-term." Since 2010, Robert Gentz, David Schneider and Rubin Ritter have led Zalando as a team of three Co-CEOs. During that time, Zalando grew from a startup to Europe's leading online platform for fashion and lifestyle with 14.000 employees on its way to achieve more than 10 billion euros Gross Merchandise Volume in 2020. Robert Gentz and David Schneider will continue to lead Zalando as Co-CEOs after Ritter's departure. Robert Gentz, Co-CEO: "When we started to ship the first shoes to our customers from the basement of our office, we did not know where the journey would lead us. It is impossible to overstate Rubin's impact on Zalando's success. We will miss him dearly as a strategic thinker and leader." David Schneider, Co-CEO, added: "Rubin always has been a role model to many in the company. We owe him a lot, as a business partner and friend. I am sure that he will stay closely connected to Zalando." / ABOUT ZALANDO MEDIA INQUIRIES Alexander Styles INVESTOR/ANALYST INQUIRIES
06.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Zalando SE |
| Valeska-Gert-Straße 5 | |
| 10243 Berlin | |
| Germany | |
| E-mail: | investor.relations@zalando.de |
| Internet: | https://corporate.zalando.de |
| ISIN: | DE000ZAL1111 |
| WKN: | ZAL111 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1153064 |
| End of News | DGAP News Service |
|
|
1153064 06.12.2020
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.