Otto Group Appoints David Heckel as New Vice President of Group Tax, Succeeding Peter Carstens

Otto Group Appoints David Heckel as New Vice President of Group Tax, Succeeding Peter Carstens

(IN BRIEF) The Otto Group has appointed David Heckel as Vice President of Group Tax, effective October 1, 2024. Heckel, currently head of Corporate Tax at Otto, will succeed Peter Carstens, who will retire in mid-2025 after 25 years of service. Heckel brings extensive tax consulting and management experience, having joined the company in 2016 after a career at KPMG AG. Carstens will stay on in an advisory role until his departure, with Otto Group CFO Petra Scharner-Wolff praising his long-standing contributions to the company.

(PRESS RELEASE) HAMBURG, 14-Sep-2024 — /EuropaWire/ — The Otto Group has announced the appointment of David Heckel as the new Vice President of Group Tax, effective October 1, 2024. Heckel, who has been with the company for eight years, will take over from Peter Carstens, who has led the Group Tax division for many years and will retire in mid-2025. Heckel currently heads the Corporate Tax department, where he manages tax consulting for domestic group companies and oversees tax reporting processes.

Heckel’s career began in 2005 at KPMG AG, where he gained extensive experience in corporate taxation and tax reporting for both national and international clients. He joined the Otto Group in 2016, rising to Corporate Tax Principal by 2020. In his new role, Heckel will be responsible for overseeing the group’s tax strategy and compliance.

Otto Group CFO Petra Scharner-Wolff expressed confidence in Heckel’s ability to lead the division, while also acknowledging Carstens’ long-standing contributions to the company’s tax operations. Carstens, who has been with the Otto Group for 25 years, will stay on in an advisory capacity until his departure in 2025. He expressed his gratitude for his time at the company and looks forward to exploring new challenges.

About 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.

To learn more, go to ottogroup.com.

Media Contact:

Thomas Voigt
+49 40 6461 4010
thomas.voigt@ottogroup.com

SOURCE: Otto Group