Fashion boss declares plans to step down, says the time has come to organize wife’s career

A co-CEO of Europe’s biggest online fashion and lifestyle site has declared designs to step down one year from now, saying he and his wife have concurred that her expert desire should take need.

Rubin Ritter, who has worked as co-chief of Zalando since 2010, said Sunday that he means to leave his role at the following annual general meeting in May 2021.

“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,” Ritter said in a statement.

“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,” he added.

Ritter said he intends to stop to seek after “new interests past Zalando,” stopping an agreement that right now goes through to November 2023.

Robert Gentz and David Schneider will keep on driving Zalando as co-CEOs after Ritter’s takeoff.

Gentz, Schneider and Ritter have all driven the organization since 2010. In that time, the Berlin-based beginning up has arisen as Europe’s driving on the web style and way of life stage, with 35 million dynamic clients in 17 business sectors.

Zalando recorded income of 1.85 billion euros ($2.24 billion) in the second from last quarter and overhauled its entire year direction on the rear of strong beneficial development.

Portions of Zalando are up over 74% year-to-date.

“It is impossible to overstate Rubin’s impact on Zalando’s success. We will miss him dearly as a strategic thinker and leader,” Gentz said in a statement.

“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,” Schneider added.

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