Michael Derse, currently Vice President Finance and Controlling, will become the second Managing Director of Sheego GmbH with effect from 01 March 2023 and will lead this Otto Group company together with Beatrice Grünwald. Michael Derse succeeds Dr. Torge Doser, who is leaving Sheego at his own request to take up a fresh challenge outside the Otto Group.

On the new Management Board, Michael Derse will hold responsibility for Finance and Controlling, Compliance and IT, as well as HR, Central Services and Service Provider Management. Beatrice Grünwald is responsible for the Product, Sales and Marketing Areas.

Michael Derse started in 1994 as an Accounting specialist at Schwab Versand GmbH, before becoming Head of Group and Subsidiary Accounting, Tax and Insurance in 1999. In 2009 he was named Head of Accounting and Controlling. In 2012, he was promoted to Vice President.

Dr. Marcus Ackermann, Otto Group Executive Board Member Multichannel Distance Selling, and Chairman of the Sheego GmbH Advisory Board, comments: "Michael Derse has exactly the expertise required to lead the Sheego brand into a sustainably successful future together with Beatrice Grünwald. We are delighted to have gained his commitment for this highly responsible task as someone with very deep knowledge of the Fashion segment and many years of experience in the company."

Dr. Torge Doser joined the Schwab Versand GmbH Management Board in July 2017. Since February 2021 the company has traded as Sheego GmbH. At Schwab, Doser initially started as CFO-COO, held temporary responsibility for all business Areas and most recently as CEO-CFO was responsible for Marketing, Sales, Finance and Controlling, as well as for IT. Among other responsibilities the 52-year-old led the conception and implementation of the comprehensive restructuring and transformation project in which the company was transformed from a multi-brand business into the online fashion brand Sheego and also moved from Hanau to Frankfurt/Main. Thanks to this strategic realignment, Sheego successfully returned to sustainable growth, despite the challenging market environment of the last two years.

Dr. Marcus Ackermann: "I expressly thank Dr. Torge Doser for his achievements over the last few years. Under his leadership, Sheego has developed into a company with a clear brand and assortment strategy. With the new brand identity and corresponding campaigns, Torge Doser and his team have succeeded in raising brand awareness and customer engagement decisively. I wish him all the best for the future."

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About Otto Group

Founded in Germany in 1949, today the Otto Group is a globally active retail and services group with around 41,000 employees in 30 major company groups primarily active in the economic regions of Germany, the rest of Europe, and the USA. Its business activities span the Platforms, Brand Concepts, Retailers, Services and Financial Services segments. In the 2022/23 financial year (to 28 February) the Otto Group generated revenues of 16.2 billion euros. With online revenues of approximately 12 billion euros, the Otto Group is one of the world’s largest online retailers. The Group’s particular strength is the broad market presence of its differentiated product assortments and service offers to diverse customer target groups in the world’s relevant economic regions. Numerous strategic partnerships and joint ventures provide the Otto Group with excellent opportunities to transfer know-how and leverage areas of synergy potential. Group companies demonstrate a high degree of corporate responsibility and willingness to collaborate with one another; at the same time this guarantees flexibility, customer proximity and optimal target-group appeal in their respective national markets.