Marc Opelt becomes Chairman of the OTTO Management Board

18.05.2018 | Hamburg

Marc Opelt, previously spokesman of the OTTO Management Board, will be appointed chairman with effect from June 1, 2018. This is the first time that the four-member management board of the Otto Group's largest subsidiary has been given a chairman.

The 55-year-old Marc Opelt has made a major contribution to the success of the Otto Group in various roles during his long career. In 1990 Marc joined the former Otto Versand as a marketing assistant. Two years later, he was promoted to department head of catalogue marketing hardware.

In the following years, Marc played a major role in setting up the former Group company OTTO Office and became part of the management of Eddie Bauer in Munich in 2000. In 2002, he moved to Seattle as Divisional Vice President for the direct business of Eddie Bauer USA. Shortly afterwards, he additionally took over the responsibility for multi-channel marketing including the stores as Vice President and representative for the direct business on the Management Board. He returned to Germany in 2005 as Managing Director of the Baur Group for marketing, sales, advertising and e-commerce. In 2009 he was also appointed Chief Executive Officer.

Since August 1, 2012, Marc Opelt has been OTTO Board Member for Sales and since January 1, 2017 also Spokesman of the OTTO Management Board. With a turnover of 2.956 billion euros (+8.5 percent), the online retailer is the Otto Group's largest subsidiary and is on its way to becoming a platform. The number of active customers rose to 6.6 million (+8 percent) in the past fiscal year alone, of which more than 1.8 million were new customers.

"Marc has been a crucial driver for the development of OTTO for years. We would like to thank him expressly for his commitment and look forward very much to continuing our successful cooperation," emphasizes Dr Marcus Ackermann, member of the Otto Group Executive Board responsible for Multichannel Distance Selling, including the company OTTO.

Press material

Marc Opelt
Marc Opelt
Chairman of the OTTO Management Board
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Über die Otto Group

Founded in Germany in 1949, today the Otto Group is a globally operating retail and services group with around 51,800 employees. The Group includes 123 major companies and is present in over 30 countries in Europe, North and South America and Asia. Its business activities are grouped into three segments: Multichannel Retail, Financial Services and Service. In the 2017/18 financial year (to 28 February), the Otto Group generated turnover of 13.7 billion euros. It is one of the world’s largest online retailer. E-commerce, catalogue sales and over-the-counter retail form the three pillars of the Otto Group’s Multichannel Retail strategy. Its worldwide corporate activities, 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 operate largely independently, guaranteeing flexibility, customer proximity and optimum target-group appeal in their respective national markets.