- Rubin Ritter has announced his retirement from the Zalando board.
- He says he does so because his wife’s job and family should now have priority.
- Ritter’s wife is a judge.
On Sunday it became known that Rubin Ritter will step down from the executive board of the online fashion retailer Zalando after eleven years. A bang in the scene, because Ritter was the most prominent face of the Berlin company in public and had a decisive influence on its development and strategy.
Unlike other resignations, Ritter received a lot of praise for his decision. That is certainly related to his reason for the withdrawal: He wants to leave the Zalando board in favor of his wife’s career next year. “My wife and I agree that in the years to come, your profession should have priority,” said Ritter on Sunday.
The reactions to this personal statement were very positive. The chairwoman of the supervisory board of Zalando, Cristina Stenbeck, paid tribute to Ritter’s services and showed understanding for his decision. “The Supervisory Board regrets Rubin’s decision, but we have the utmost respect for his personal motives. “, she said.
Boris Radke, former Zalando spokesman, wrote on Twitter: “What a great person, what a great leader. What a role model! ”. The picture even had the title: “Termination for love”.
“She loves this job”
One question that Ritter left open in his statement was his wife’s job. Ritter’s wife is a judge. “She loves this job, and that is exactly what she should be doing,” said the Zalando CEO in 2018 in the “Everything said?” Podcast from “Zeit”. “Your job is just as important to her as my job is to me.”
Ritter said on Sunday that he would now like to devote himself to his growing family. The Zalando board of directors already took two months of paternity leave in spring 2019 when they first became a father. In the Zeit podcast he said at the time: “I will really take care of the child and will have the honor of taking part in the day-care settling-in period”.
The longtime board member of the online retailer was not sure at the time whether something like parental leave was planned for board members of corporations. But he was lucky that his contract with Zalando allowed the two-month break.
Ritter studied business administration at the elite university WHU and worked for the management consultancy McKinsey between 2007 and 2010 until he was poached to Zalando by his college friends Robert Gentz and David Schneider.
Scream with happiness – that’s Zalando
In 2008, three days before the outbreak of the financial crisis, two college friends Robert Gentz and David Schneider founded an online shoe shop from their shared apartment. These are first packed by employees in the basement of the first office and picked up by DHL. The successful “Schrei vor Glück” campaign made the company known to a nationwide audience. The company grows and receives venture capital from Rocket Internet and Holtzbrinck-Verlag. In the spring of 2011, Zalando expands to the Italian market, and one month later to Great Britain. Five years after it was founded, in 2013, Zalando reported sales of one billion euros. “From WG to SE” is Zalando’s motto, which can still be found today in the self-description on the company’s homepage. Zalando now supplies large parts of the EU, is listed on the MDax, employs around 14,000 people and made sales of 6.5 billion euros in 2019.
The departure of Ritter has so far hardly unsettled the markets. The online fashion retailer listed in the MDax initially reduced the initial share price loss on Monday, but at midday it fluctuated slightly below the value of last Friday.
With Ritter’s resignation from the board of directors, David Schneider and Robert Gentz initially want to continue running the company together. The Allbright Foundation reminded the fashion retailer on Sunday https://twitter.com/AllBrightGer/status/1335661060079095811 the fact that there was now the opportunity to bring a woman to the board, which was previously only made up of men.
These were the details of the news Zalando: What does the wife of CEO Rubin Ritter do for... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at de24.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.