Zalando is creating Chief Operating Officer role and appoints new Chief Financial Officer

• David Schröder to assume newly created role of Chief Operating Officer, focused on building and scaling unique capabilities and enabling the company's growth
• Dr Sandra Dembeck appointed new Chief Financial Officer of the group
• Refined Management Board setup to come into effect March 1, 2022
• Changes align setup to future needs of Zalando in further advancing towards Starting Point for Fashion vision and 2025 growth ambition of reaching >30 billion EUR in GMV

BERLIN, DECEMBER 16, 2021 // Zalando SE ("Zalando") today announces a refined Management Board setup that will come into effect on March 1, 2022. Chief Financial Officer David Schröder will assume the newly created role of Chief Operating Officer (COO), which is dedicated to building and scaling Zalando's unique capabilities to enable the company's growth. The Zalando Supervisory Board appointed Dr Sandra Dembeck as new Chief Financial Officer (CFO), who will be responsible for the Finance and Group Governance teams.

The changes align the setup to the future needs of Zalando in further advancing its strategic agenda of being the Starting Point for Fashion and to grow the business to more than 30 billion EUR in Gross Merchandise Volume by 2025, as laid out at its Capital Market Days in 2019 and 2021. Zalando continues to focus on three strategic dimensions: growing its active customer base and deepening customer relationships, driving the transition towards a platform business, and building a sustainable platform with a net-positive impact on people and the planet.

Zalando is creating the role of COO to focus on building and scaling Zalando's unique capabilities to enable the company's growth. The COO will be responsible for scaling the company's European logistics network, driving innovation of Zalando's proprietary Buy Now Pay Later solution and unlocking new growth opportunities for Zalando by empowering the direct-to-consumer business of partners across a variety of channels. David Schröder, who has served on the Management Board since 2019, will assume this newly created role due to his highly relevant expertise and successful track record in building and scaling Zalando's operations since he joined the company in 2010.

Dr Sandra Dembeck joins Zalando as CFO on March 1, 2022, from Compass Group Plc, where she has previously been Corporate Finance Director. Throughout her career, she has been responsible for all aspects of financial performance management and reporting for private and listed companies and has taken an active role in driving commercial and operational business performance. She has extensive experience from various leadership roles in the international services, retail and fashion industries.

Cristina Stenbeck, Chairperson of the Zalando Supervisory Board, says: "The announced setup will give Zalando additional leverage to drive the business towards its vision of being the Starting Point for Fashion. The Supervisory Board is very much looking forward to continuing to work with David Schröder in his new role as COO, after his tremendous contribution as CFO. We are also proud to welcome Dr Sandra Dembeck as CFO. Sandra brings a breadth of financial expertise from a multitude of relevant industries. We are convinced that this team will deliver on the company's growth ambition and build upon the strong entrepreneurial culture, in order to create long-term value for customers, partners, and shareholders."

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ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe's leading online platform for fashion and lifestyle. Founded in Berlin in 2008, we bring head-to-toe fashion to more than 46 million active customers in 23 markets, offering clothing, footwear, accessories, and beauty. The assortment of international brands ranges from world famous names to local labels. Our platform is a one-stop fashion destination for inspiration, innovation, and interaction. As Europe's most fashionable tech company, we work hard to find digital solutions for every aspect of the fashion journey: for our customers, partners and every valuable player in the Zalando story. Our vision is to be the Starting Point for Fashion and a sustainable platform with a net-positive impact for people and the planet.

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