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Zalando SE: Proposed Change to the Supervisory Board

April 8, 2021
Financials
  • Niklas Östberg is proposed to succeed Jørgen Madsen Lindemann as Member of the Supervisory Board
  • Zalando Annual General Meeting 2021 will be held virtually on May 19, 2021

Berlin, April 8, 2021 // The Supervisory Board of Zalando has proposed the election of Niklas Östberg to the Supervisory Board. Niklas Östberg is the CEO and Co-Founder of Delivery Hero and he will succeed Jørgen Madsen Lindemann, who informed the Nomination Committee that he will not stand for re-election to the Supervisory Board after serving as a member since 2016.

Cristina Stenbeck, Chairperson of the Supervisory Board and Nomination Committee of the Supervisory Board, says: “We look forward to working with Niklas Östberg as a new member of Zalando’s Supervisory Board. Niklas is an experienced CEO, leading a global platform business that operates in several overlapping markets with Zalando’s own geographic footprint. Under Niklas’ leadership, Delivery Hero has continued to deliver growth as well as continued value creation through smart capital allocation, compelling localisation and talent acquisition strategies. We are confident that Niklas will bring beneficial insights and perspectives to the work of the Supervisory Board.”

Stenbeck continues: “On behalf of the Supervisory Board I would like to take this opportunity to thank Jørgen Madsen Lindemann for his exceptional contribution to Zalando over the past five years. His leadership on the previous and new proposed remuneration frameworks have been instrumental in attracting and retaining our very talented team at Zalando.”

The Annual General Meeting 2021 will be held on May 19, 2021, as a virtual meeting. The full invitation to the Annual General Meeting and more information are available on the Zalando corporate website.

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About Zalando

Founded in Berlin in 2008, Zalando is building the leading pan-European ecosystem for fashion and lifestyle e-commerce around two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we offer an inspiring and quality multi-brand shopping experience for fashion and lifestyle products to about 50 million active customers in 25 markets. In B2B, we are using our logistic infrastructure, software and service capabilities to help brands and retailers run and scale their entire e-commerce business, on or off Zalando. As an ecosystem, Zalando aims to enable positive change for the fashion and lifestyle industry.