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Zalando unveils changes to management board

Zalando has announced some changes to its management board as it looks to grow the business to more than €30 billion in gross merchandise volume by… View Article

FASHION

Zalando unveils changes to management board

Zalando has announced some changes to its management board as it looks to grow the business to more than €30 billion in gross merchandise volume by 2025.

The move will see chief financial officer David Schröder assume the newly created role of chief operating officer and Sandra Dembeck (pictured) succeed him in his previous position.

Zalando said it has created the new chief operating officer role to facilitate growth. |In his new position, Schröder will be responsible for scaling the company’s European logistics network, driving innovation of Zalando’s proprietary Buy Now Pay Later solution and unlocking new growth opportunities. Having joined the company on 2010, he will take up his role when Dembeck arrives at the business on 1 March.

Cristina Stenbeck, chairperson of the Zalando supervisory board, said: “The announced setup will give Zalando additional leverage to drive the business towards its vision of being the Starting Point for Fashion. The Supervisory Board is very much looking forward to continuing to work with David Schröder in his new role as chief operating officer, after his tremendous contribution as chief financial officer.

Meanwhile, Dembeck will join Zalando as chief financial officer from Compass Group where she has been corporate finance director. Prior to that, she worked at B&Q owner Kingfisher as deputy chief financial officer.

Stenbeck added: “We are also proud to welcome Dr Sandra Dembeck as chief financial officer. Sandra brings a breadth of financial expertise from a multitude of relevant industries. We are convinced that this team will deliver on the company’s growth ambition and build upon the strong entrepreneurial culture, in order to create long-term value for customers, partners, and shareholders.”

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