Executive Board member Sebastian Klauke will leave the retail and services group at his own request by April 30 of next year at the latest to take on a new challenge.

Sebastian Klauke joined the Otto Group Executive Board on 1 May, 2019 assuming responsibility for e-commerce, technology, business intelligence and corporate ventures. Previously, the 45-year-old physicist worked for the Boston Consulting Group, co-founded Autoda.de and was a partner and managing director of BCG Digital Ventures GmbH before being appointed Chief Digital Officer of the Otto Group in July 2017.

Sebastian Klauke now intends to follow a very exciting call from a company outside the Otto Group. “As much as we regret Sebastian Klauke's decision to leave our Group,” says Prof. Dr. Michael Otto, Chairman of the Supervisory Board, “we can understand his ambition and decision.” The succession planning will be appointed at a later date.

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About the Otto Group

Founded in 1949 in Germany, the Otto Group is today a globally operating e-commerce and service group with around 38,500 employees in 30 significant corporate groups, primarily present in the three economic areas of Germany, the rest of Europe, and the USA. Its business activities extend to the Platforms, Brand Concepts, Retailers, Services, and Financial Services segments. In the 2023/24 financial year (29 February), the Otto Group generated revenue of EUR 15 billion. With online sales of around EUR 10.8 billion (2023/24 financial year), the Otto Group is among the world’s largest online retailers. The Group’s main strength is its broad-based presence with various ranges of products for diverse target groups in important regions around the world. A number of strategic partnerships and joint ventures offer the Otto Group outstanding conditions for the transfer of know-how and the use of synergy potential. A high degree of entrepreneurial responsibility and the Group companies’ willingness to collaborate guarantee both flexibility and customer proximity along with optimal appeal to target groups in each country.

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