Hamburg, Germany, February 2026 — Otto Group has announced the appointment of Dr. Philipp Andrée to its Executive Board, effective 1 April 2026. Dr. Andrée, previously Chief Commercial Officer (CCO) of the Douglas Group, will succeed Sergio Bucher as Executive Board member for Brands and Retail. Bucher will retire from the Executive Board and continue to contribute his expertise as a member of the Otto Group’s Supervisory Board.
The appointment marks a strategic leadership transition as Otto Group strengthens its brands, retail portfolio, and omnichannel growth agenda. Dr. Philipp Andrée is widely regarded as a highly respected industry expert, bringing extensive international expertise in digitalization, marketing, and strategic corporate development across successful e-commerce and omnichannel retail ecosystems.
Benjamin Otto, designated Chair of the Otto Group Foundation and Shareholders’ Council, said: “We are delighted to welcome Dr. Philipp Andrée, an accomplished industry expert and passionate manager for e-commerce and retail. We are sure that his extensive experience in digitalization, profitability, and scaling business models – both nationally and internationally – will contribute significantly to pushing forward our strategy and successfully shaping the future of our organization.”
Otto Group also acknowledged the contribution of the outgoing board member. Sergio Bucher, an internationally renowned business executive with wide-ranging experience in global retail and brand management, has been a member of the Otto Group Executive Board since 1 February 2020. Prof. Dr. Michael Otto, current Chair of the Foundation and Shareholders’ Council and Honorary Chair of the Supervisory Board, stated: “Over the past six years, Sergio Bucher has drawn on his international expertise, his keen eye for detail, and immense passion to strengthen and sustainably advance the Otto Group. We would like to thank him sincerely for his extraordinary achievements and look forward to welcoming him as an experienced advisor to the Otto Group Supervisory Board and to him continuing as a member of the Bonprix Advisory Board.”
Prior to joining the Otto Group Executive Board, Dr. Philipp Andrée spent close to three years at Douglas Group, where he served as Chief Commercial Officer (CCO) and earlier as CDO Douglas Group, playing a key role in strengthening commercial and digital leadership in the beauty retail sector.
Before Douglas, he held a long-term leadership journey of nearly eight years with Tchibo, including serving as Member of the Executive Board Digital & Marketing (Geschäftsführer). He also led strategic roles spanning Director Marketing & Online Sales, Director Online Sales, and Head of Online Expansion, contributing to scaled digital growth and omnichannel execution.
Dr. Andrée also served for nearly two years as Managing Director (Geschäftsführer) at Department47 GmbH (Pro7Sat1) und ISA GmbH, strengthening his experience in digital business building and strategic execution.
Earlier in his career, he spent over five years at McKinsey & Company as Consultant / Engagement Manager, building a strong foundation in strategy, transformation, performance improvement, and business model scaling.
About Otto Group
With a strong heritage as a family business and firmly rooted values, the Otto Group is looking to the future with confidence. Over the past 75 years, the company has developed from a catalog-based mail order company into an international digital retail and services group with 36,300 employees and a large number of key companies, brands and holdings in over thirty countries, primarily in Germany, the rest of Europe and North America. Its business activities extend to the Platforms, Brand Concepts, Retailers, Services and Financial Services segments. In the 2024/25 financial year (ending February 28), the Otto Group generated revenues of 15 billion euros. As the largest online retailer of European origin, it is shaping the digital retail and digital services of the future by drawing on its strength, market significance and values. Driven by a passionate and entrepreneurial performance culture, the Group is exploiting its vast market expertise and technological competence to inspire its many millions of customers with high-quality products, unique choice of goods and an array of services. The Otto Group is proof that a value-oriented approach and business success can go hand in hand. Environmental protection has been another corporate objective since 1986. It takes its ecological, social and digital responsibility seriously – and will continue to do so.
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