Dr. Philipp Andrée to succeed Sergio Bucher as new Executive Board member for Brands and Retail at the Otto Group

Dr. Philipp Andrée is a highly respected industry expert with extensive international expertise in digitalization, marketing, and strategic corporate development for successful e-commerce and omnichannel retailers. In his role as Member of the Executive Board for Brands and Retail of the Otto Group, Dr. Philipp Andrée will chair the advisory boards at the Crate & Barrel, Manufactum, Frankonia and Freemans & Grattan corporate groups as well as Otto International's sourcing activities. 

Dr. Philipp Andrée has been a member of the Executive Board and Chief Commercial Officer (CCO) of the Douglas Group since January 2023. Prior to this, he held senior positions at Tchibo – a Hamburg-based coffee roaster and retailer – for over seven years, most recently as board executive responsible for digital and marketing. Before joining Tchibo, Dr. Philipp Andrée successfully founded and managed the online fashion platform Department47, which he subsequently sold. He began his professional career at the management consulting firm McKinsey and holds a degree in mechanical engineering from the Technical University of Hamburg and a doctorate in marketing from the University of Hamburg. 

Benjamin Otto, designated Chair of the Otto Group Foundation and Shareholders' Council: “We are delighted to welcome Dr. Philipp Andrée, an accomplished industry expert and passionate manager for e-commerce and retail. We are sure that his extensive experience in digitalization, profitability, and scaling business models – both nationally and internationally – will contribute significantly to pushing forward our strategy and successfully shaping the future of our organization.” 

Sergio Bucher has been a member of the Otto Group Executive Board since 1 February 2020. An internationally renowned business executive with wide-ranging experience in global retail and brand management, his ideas have enriched the Otto Group and repeatedly made a decisive impact in a wide variety of markets – from Chicago to Hong Kong. In addition to the strategic development of a diverse international group portfolio, he has had a significant impact on the organization and 2 promoted an open, diverse, and international corporate culture. He has also received external recognition for his personal and sustained commitment and was honoured with the “Diversity Ambassador” citation as part of the Impact of Diversity Awards. 

“Over the past six years, Sergio Bucher has drawn on his international expertise, his keen eye for detail, and immense passion to strengthen and sustainably advance the Otto Group,” says Prof. Dr. Michael Otto, current Chair of the Foundation and Shareholders' Council and Honorary Chair of the Supervisory Board. “We would like to thank him sincerely for his extraordinary achievements and look forward to welcoming him as an experienced advisor to the Otto Group Supervisory Board and to him continuing as a member of the Bonprix Advisory Board.”