Zalando co-CEO to step down

Zalando has announced co-chief executive Rubin Ritter will step down from his role at the company’s 2021 annual general meeting.

The Berlin-based ecommerce platform has three co-chief executives: founders Robert Gentz and David Schneider run the business alongside Ritter, who stepped into the role in 2010.

“Zalando has allowed me to be part of a stunning success story that has exceeded my wildest dreams,” Ritter said in a statement, adding that he will be spending more time with his family and making his wife’s career a priority in the coming years.

READ MORE: Zalando returns to profit as it turns coronavirus online boom into “business opportunity”

“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.”

Gentz and Schneider will continue to head up the business following the departure of Ritter.

“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,” chairperson Cristina Stenbeck said.

“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,” Stenbeck added.

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