ABOUT YOU's Supervisory Board Chairman Stays Amidst Zalando Takeover

ABOUT YOU Holding SE announced that the Chairman of its Supervisory Board, Mr. Sebastian Klauke, will extend his tenure beyond the initially planned departure date of April 30, 2025. This decision comes in the wake of the takeover offer by Zalando SE. The move aims to ensure a smooth transition within the Supervisory Board during this period of significant change.

Initially, Mr. Klauke intended to step down due to his pending departure from the management of the Otto Group. However, the takeover context has prompted him to continue his leadership role temporarily. The specific timeline for his eventual departure will depend on the progress and completion of the takeover offer, with further announcements expected in due course.