Rubin Ritter retires from the Zalando board of directors

Tom Schmidtgen Tom Schmidtgen | 07.12.2020

Mail-order fashion retailer Zalando is losing one of its three co-CEOs. Rubin Ritter announced on Sunday that he will leave the company next year. After eleven years at the helm, Ritter wants more freedom and to devote himself to his family.

Rubin Ritter is leaving Zalando. The company announced in a press release on Sunday that the 38-year-old will leave as co-CEO after the next annual general meeting in 2021. "I now want to devote more time to my growing family," Ritter said. "My wife and I agree that in the coming years, her career should be a priority. And for my own future, I would like more freedom to pursue new interests beyond Zalando."

Christina Stenbeck, the chairwoman of the supervisory board, regretted the announced resignation, but at the same time expressed respect for the personal decision. "We appreciate Rubin's transparency and openness, which give the supervisory board and the company sufficient time for the transition phase," Stenbeck said. She will work with Ritter on the early termination of his contract. That actually runs until November 2023. Stenbeck hopes "that Rubin will remain closely connected to Zalando in the long term."

Rubin Ritter, Robert Gentz and David Schneider have led Zalando as equal co-CEOs since 2010. Gentz and Schneider will continue to lead the company as a pair starting next year, Zalando wrote in the statement. In their ten years together, Zalando has risen to become one of Europe's largest online platforms for fashion. Zalando says it has more than 35 million active customers in 17 countries. Last year, the Berlin-based company made a turnover of almost 6.5 billion euros. This year, sales are expected to grow by 20 to 22 percent.


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Zalando
Startup 2013 Berlin Zalando Online platform offering clothing, footwear, accessories and beauty products.

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