Dhe online fashion retailer Zalando will have to do without one of its three co-bosses from the upcoming annual general meeting. For personal reasons, Rubin Ritter intends to end his board membership at the 2021 Annual General Meeting, as the company announced on Sunday in Berlin. “After more than eleven unique years in which Zalando was my priority, I want to give my life a new direction,” said the manager, according to the announcement. “I want to dedicate myself more to my growing family now. For my own future, I would like more freedom to pursue new interests beyond Zalando. “
According to the chairman of the supervisory board, Cristina Stenbeck, the supervisory body and Ritter will now work on the early termination of his contract, which actually runs until November 2023. Founders Robert Gentz and David Schneider will continue to run the company together after Ritter’s departure, as it was said.
According to the press release that the company published on its website in the evening, Rubin’s decision is also about the professional prospects of his partner: “My wife and I agree that in the coming years your profession should have priority”, writes the previous co-boss in his statement.
Its premature end comes after eleven years in which Rubin worked together with the two founders as equal bosses at Zalando. The mail order company was founded in Berlin in 2008. According to the company, the fashion giant’s annual gross goods volume is now over 10 billion euros.