The Co-CEO of Zalando SE Rubin Ritter today informed the chairwoman of the company's supervisory board, Cristina Stenbeck, about his wish to resign from the management board at the annual general meeting 2021. This has just been announced in a press release by the fashion e-commerce company.
According to Stenbeck the supervisory board will work together with Rubin Ritter on the early termination of his contract, which runs until November 2023. Founders Robert Gentz and David Schneider will continue to manage the company together as Co-CEOs after Ritter's departure.
"My decision is the result of careful consideration. After more than eleven unique years in which Zalando was a priority for me, I would like to give my life a new direction. I would now like to devote more time to my growing family. My wife and I agree that in the years to come her profession should be the priority. And for my own future I would like more freedom to pursue new interests beyond Zalando. For me, it has always been a gift and a privilege to be part of Zalando, and it will be incredibly difficult for me to leave all this behind,” comments Ritter.
Cristina Stenbeck and the supervisory board regret Ritter’s decision. "[...] We have the highest respect for his personal motives. We appreciate Rubin's transparency and openness, which will give the supervisory board and the company sufficient time for the transition period. Over the past nine years of our collaboration, I have witnessed first hand Rubin's dedication, strategic clarity and leadership that he has brought to the benefit of Zalando. The most extraordinary year in Zalando's history is drawing to a close and we are extremely grateful to Rubin and the entire management team for the position in which Zalando currently finds itself. We look forward to continuing to work closely together in the coming months and are confident that Rubin will remain closely associated with Zalando for the long term,” Stenbeck says.
Robert Gentz, David Schneider and Rubin Ritter have led Zalando as Co-CEOs on an equal footing since 2010. Since then, the company has grown from a start-up to a leading online platform for fashion and lifestyle with 14,000 employees and an annual gross merchandise volume of over €10 billion.