Otto Group’s Tobias Nieber Set to Lead Witt-Gruppe’s Finance Team

Otto Group’s Tobias Nieber Set to Lead Witt-Gruppe’s Finance Team

(IN BRIEF) Tobias Nieber, currently CFO of Mytoys Group, will join the Witt-Gruppe Management Board on February 1, 2024, as part of a planned transition. He will succeed Jürgen Angstmann, the long-standing CFO/COO of Witt-Gruppe, who is set to retire on June 30, 2024. The Witt-Gruppe Management Board will include CEO Patrick Boos, Stefanie Zühlke-Schmidt, Johann Kiener, and Tobias Nieber. Nieber brings extensive experience within the Otto Group to his new role, having held various management positions since 1998. His appointment aims to ensure a smooth transition and continued success for Witt-Gruppe. Jürgen Angstmann’s retirement marks the end of a 30-year career within the company, during which he played a pivotal role in its transformation and growth.

(PRESS RELEASE) HAMBURG, 29-Jan-2024 — /EuropaWire/ — The Otto Group, a German mail order company and one of the world’s biggest e-commerce companies, announces that Tobias Nieber, currently serving as the CFO of Mytoys Group, will join the Witt-Gruppe Management Board on February 1, 2024. This appointment is in anticipation of the retirement of Jürgen Angstmann, the long-standing CFO/COO of Witt-Gruppe, who is set to retire on June 30, 2024. The future Management Board of Witt-Gruppe will include CEO Patrick Boos (Sales & Human Resources), Stefanie Zühlke-Schmidt (Purchasing), Johann Kiener (Brand & Digital Commerce), and Tobias Nieber.

Tobias Nieber, a seasoned manager with extensive experience within the Otto Group, will bring his expertise to the Witt-Gruppe Management Board. Nieber, aged 51, has held various management positions within the Otto Group since 1998. His roles have included CFO/COO at Mirapodo in Berlin, CFO Otto Group Russia, and currently, CFO of Mytoys Group in Berlin, where he oversees Finance, Logistics, and Human Resources.

Dr. Marcus Ackermann, Member of the Otto Group Executive Board and Chairman of the Witt-Gruppe Advisory Board, expressed his satisfaction with Nieber’s appointment and emphasized his confidence in Nieber’s ability to actively drive Witt-Gruppe’s transformation. “I am delighted that in Tobias Nieber we have found the ideal successor to Jürgen Angstmann within the Otto Group. Tobias has already gathered many years of experience within our Group and has very wide-ranging expertise. He will leverage his deep know-how to drive the transformation of the Witt-Gruppe actively forward.”

After a transition period, Jürgen Angstmann will retire from Witt-Gruppe on June 30, 2024, after more than thirty years of dedicated service. Angstmann has played a pivotal role in the company’s transformation, having held various positions and responsibilities during his tenure, including Managing Director Sales at Sieh an! Handelsgesellschaft mbh and CFO/COO Witt-Gruppe since March 2017. His contributions have been significant in positioning Witt-Gruppe successfully in the market.

“For 14 years, Jürgen Angstmann has played a key role as Managing Director particularly in shaping the transformation of the Witt-Gruppe. We are preparing to bid a heartfelt farewell to a highly esteemed management colleague when he retires,” says CEO Patrick Boos on behalf of the entire Management team. Dr. Marcus Ackermann adds: “I am deeply grateful to Jürgen Angstmann, whose tremendous commitment over this period has made a major contribution to the Witt-Gruppe’s successful transformation. As a result, this Otto Group company is now outstandingly positioned to meet current and future market challenges – and is currently outperforming the overall sector trend as well as its own business plan.”

Media contact:

Martin Zander
+49 40 6461 2820
martin.zander@ottogroup.com

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.

SOURCE: Otto Group