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Zalando proposes CEO of Rent the Runway to join board

Zalando

Fashion and lifestyle online platform Zalando has proposed the election of Jennifer Hyman as shareholder representative to the Supervisory Board.

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Jennifer Hyman is CEO and Co-Founder of Rent the Runway, based in New York, as well as a non-executive Director of The Estee Lauder Companies, Inc. It is the intention that she will be elected to succeed Alexander Samwer, who will retire from the Supervisory Board after having served as a member since 2013.

The term of the three employee representatives Mr. Konrad Schäfers, Ms. Beate Siert, and Mr. Anthony Brew will end at this years’ annual general meeting. The International Employee Board has elected Ms. Jade Buddenberg, Ms. Anika Mangelmann and Mr. Matti Ahtiainen as employee representatives to the Supervisory Board until the end of the general meeting for the fiscal year 2024.

Ms. Cristina Stenbeck, Chairperson of the Supervisory Board and Nomination Committee of the Supervisory Board commented: “Jenn Hyman is a world-class CEO and experienced entrepreneur who has successfully innovated within the fashion industry since founding Rent the Runway in 2009. Jennifer’s experience scaling a fashion platform brings poignant consumer insights and enduring brand relationships from Rent the Runway’s unique position in the luxury fashion ecosystem. These perspectives are all relevant for Zalando since it has embarked on its vision for the second decade to become the Starting Point for Fashion. Welcoming Jennifer to the Board also resonates well with Zalando’s culture of innovation. Having a sitting CEO with a founder’s mindset will bring the Management Board and Supervisory Board new and relevant perspectives.”

The Chairperson continues, “We are also pleased to welcome three newly elected employee representatives: Jade Buddenberg, Anika Mangelmann, and Matti Ahtiainen. On behalf of the Supervisory Board and the shareholders, I would like to thank Konrad, Beate, and Anthony for their partnership, commitment, and valuable input over the last few years. Finally, the Supervisory Board would like to share its gratitude with Alexander Samwer, whose support has allowed for a much-needed element of continuity in the Supervisory Board’s work and his focus on operational excellence at scale throughout his tenure as Member of the Supervisory Board has been of great benefit to Zalando.”

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The annual general meeting 2020 will be held on June 23, 2020, as a virtual general meeting without the physical presence of shareholders and their representatives. The general meeting will be streamed. The full invitation and more information are available on the Zalando Corporate Website.

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