In an effort to strengthen its senior leadership team and propel its growth, German fashion e-commerce giant, Zalando, has recently appointed Padmaja Bommareddy as the new Senior Vice President of Corporate Development. With this new role, Bommareddy will be responsible for identifying and executing opportunities aligned with Zalando’s current platform strategy, as well as exploring new avenues for expansion.
Bommareddy’s previous experience at Walmart, where she played a key role in developing the apparel omnichannel strategy, makes her a valuable addition to Zalando. Her extensive background across various regions, including Europe, Asia, and the US, grants her a significant global perspective that will be crucial as Zalando continues to expand its presence worldwide.
Robert Gentz, Co-CEO of Zalando, expressed his excitement about Bommareddy joining the team, emphasizing their plans to explore new opportunities and enhance their services and offerings. This indicates that Zalando is actively seeking ways to capitalize on the potential for growth in the fashion e-commerce market.
Zalando has recently reported impressive financial results, with expectations of sales increasing by 12% to 19% in 2022, projecting a range of €11.6 billion to €12.3 billion in revenue. Additionally, the company aims to achieve a Gross Merchandise Value (GMV) of over €30 billion by 2025, showcasing their commitment to continuous growth and ambitious plans for the future.
Overall, Bommareddy’s appointment signifies Zalando’s strategic focus on corporate development and their determination to stay ahead in the competitive fashion e-commerce industry. With her wealth of experience and global perspective, Bommareddy is well-positioned to contribute to Zalando’s growth trajectory and successfully navigate the challenges and opportunities in the rapidly evolving retail landscape.
Useful links:
– Zalando Appoints Padmaja Bommareddy as Corporate Development Head
– Zalando’s Financial Results and Growth Strategy
