Zalando Co-CEO Robin Ritter has resigned to prioritize the wife’s career

Robin Ritter intends to step down as co-CEO Zalando (Zenith) The company announced Sunday, next year, two years before his contract expired.

“I want to devote more time to my growing family,” Ritter said in a statement after more than 11 years in Zalando. “My wife and I have agreed that her career ambitions will take priority in the coming years,” he added.

The statement did not give further details about Ritter’s wife or her career. The company did not immediately respond to a request for comment.

Ritter has led Zalando Corporation along with two other chief executives – Robert Gentz ​​and David Schneider – since 2010.

The Berlin-based company sells clothes and shoes from famous brands such as Adidas (ADDDF) And the Ralph Lauren (RL) Online.

In the United States, the number of women in top positions is increasing, according to the annual Women in the Workplace report published by McKinsey & Company and LeanIn.Org. But women are three times more likely to take on the majority of housework and childcare, and worry more about the effect this will have on their performance at work, according to the report.

Germany lags behind many major economies when it comes to the proportion of senior executive positions held by women. According to the Swedish-German nonprofit foundation Allbright, women make up only 12.8% of the boards of the 30 largest listed companies in Germany. In an effort to change that, the country’s coalition government last month approved A. Mandatory quota for women On the boards of directors of listed companies.

Zalando, which has about 36 million active customers and operates in 17 countries across Europe, generated nearly € 1.85 billion ($ 2.2 billion) in revenue for the three months ending September.

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Hanna Zayadi contributed to this report.

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