German retailer Gerry Weber makes changes in managing board

29 Sep '23

2 min read

Pic: Gerry Weber

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The supervisory board of Gerry Weber has reorganised the managing board for the company's realignment and restructuring plan.
Angelika Schindler-Obenhaus, the CEO and chairwoman of the executive board, will step down on September 30, 2023, by mutual agreement, and will not have a new contract as the company transforms into a limited liability company.

The supervisory board of Gerry Weber has decided on the reorganisation of the managing board for the realignment of the company and the further implementation of the restructuring plan and reached a mutual agreement with Angelika Schindler-Obenhaus, CEO and chairwoman of the executive board, that she will terminate her activities prematurely on September 30, 2023.

This was preceded by talks in which agreement was reached between Angelika Schindler-Obenhaus, the supervisory board and the shareholders not to conclude a new contract in the course of the planned conversion of the company into a GmbH. This was preceded by talks in which Angelika Schindler-Obenhaus, the supervisory board and the shareholders agreed not to conclude a new contract in the course of the planned transformation of the company into a limited liability company.

Dirk Reichert, who has been with the company in the role of advisory CRO since April 2023, will be appointed as a full member of the managing board as of October 1, 2023. In this position, he will initially take over all areas of responsibility from Angelika Schindler-Obenhaus, the company said in a press release.

"On behalf of the entire Supervisory Board and our investors, I would like to thank Angelika Schindler-Obenhaus for her very valuable contribution to the development and repositioning of the company," said Alexander Gedat, chairman of the supervisory board. "In challenging times, she has been instrumental in shaping the transformation of our company into an omni-channel player, consistently putting female customers at the centre of all activities. We wish her all the very best for her future. We will continue the strategic course of sustainable restructuring of Gerry Weber."

Angelika Schindler-Obenhaus was appointed COO on the management board of Gerry Weber International AG in August 2020 and CEO and chairman of the management board eight months later.

"For me, Gerry Weber stands in particular for the endless commitment of its employees, who work with great enthusiasm day after day to inspire our customers with great fashion and to make their lives a little bit more beautiful," said Angelika Schindler-Obenhaus. "I would like to thank my entire team from the bottom of my heart for the good, trusting cooperation and wish everyone continued success and all the best."

Fibre2Fashion News Desk (RR)

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