Otto Group gets its first female boss: Petra Scharner. Michael Otto wants to give up the lead.
His son Benjamin moves up, but not to the intended position. Meanwhile, the CEO will be a woman. The previous CEO, Alexander Birken, will replace him in this position on March 1, 2025. At the same time, Katy Roewer joins the board and takes over ScharNER-Wolff's responsibilities. The company's father wants to devote more time to foundation work in the future.