Rubin Ritter Wiki – Rubin Ritter Biography
The boss of Europe’s largest online fashion retailer said he would step down to put his wife’s professional ambitions first.
Rubin Ritter, co-general manager of the German company Zalando, will step down at the company’s annual meeting in May next year to ‘spare time for my growing family’ and support the career of his wife, who is believed to be a judge.
Ritter has been at work since 2010, expecting her second child with her husband next year.
The 38-year-old Berlin-based startup tasked with overseeing strategy and communication has helped transform the Berlin-based startup into one of the world’s top online fashion retailers, with 14,000 employees and a net profit of almost £ 90 million ($ 121 million) in 2019.
“My wife and I agree that professional goals will take priority in the years to come,” he said on Sunday. Said.
Ritter, who is responsible for strategy and communication at the top of the company, said he was willing to ‘explore new interests beyond Zalando’. His contract would expire in November 2023.
The company declined to provide details about Ritter’s wife or profession, but German media described him as a judge.
Cristina Stenbeck, chairman of Zalando’s supervisory board, said the company regretted Ritter’s decision, but “we have the highest respect for the underlying personal motivation.”
Last month, Ritter released the company’s first report on diversity and inclusion, saying these should be seen as ‘opportunities rather than challenges’.
The company has now been criticized for having only men on the five-member board.
Ritter’s move is unusual in Germany, where the gender pay gap remains one of the largest in Europe.
According to the federal statistics agency Destatis, women earn on average 20 percent less than men in 2019, partly because many women in Germany work part-time.
Established in Berlin, Zalando was founded in 2008 and has since 2010 led by a three-person CEO team consisting of Ritter, Robert Gentz and David Schneider.
The site has grown into Europe’s leading online clothing retailer, with 14,000 employees and serving 17 countries.
As the pandemic increased online shopping, it generated € 1.85 billion ($ 2.2 billion) in revenue in the third quarter of 2020, up 22% year on year.
‘When we started sending our first shoes to our customers from the basement of our office, we didn’t know where the journey would take us. It’s impossible to overstate Rubin’s impact on Zalando’s success, ‘Gentz said.