Engage in commercial dealings or transactions. - Otto Group's Board member Klauke steps down from his position.
Sebastian Klauke, a member of the managing board at the Hamburg-based Otto Group, is set to depart the conglomerate. Klauke will reportedly end his tenure with the company by April 30th of next year, having decided to pursue a fresh opportunity elsewhere. The 45-year-old has been overseeing Otto's e-commerce, tech, business intelligence, and corporate ventures since May 2019.
The Otto Group's supervisory board chairman, Michael Otto, expressed his regrets at Klauke's decision to part ways with the company. Otto added that while the board understands Klauke's ambition and the appeal of the new opportunity, they would announce a succession plan at a later date.
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The Otto Group, a significant player in Germany's trade sector, relies heavily on the Internet for its e-commerce operations. Michael Otto, the chairman of the company's supervisory board, is based in Hamburg, just like the Otto Group's headquarters. Klauke's departure from Otto Group means a shift in personal details for the company's management structure, as he oversaw key areas like e-commerce and tech. The Otto Group has seen numerous changes over the years, with mail order and digital platforms becoming integral components of its operations.
