Witt-Gruppe appoints Tobias Nieber as CFO on management board

Tobias Nieber, a long-standing and highly experienced manager from the Otto Group's own ranks, is to join the Witt-Gruppe Management Board. 51-year-old Nieber has held various management positions since 1998 at Otto Group Holding and various Otto Group companies. From 2011 to mid-2013 he was CFO/COO at Mirapodo in Berlin, with Board responsibility for IT, Fulfillment, and Finance. As CFO Otto Group Russia from 2013 to 2020 he played a key role in the company's successful transformation and restructuring, as well as from 2019 onwards in its integration in the Bonprix Group. Since mid-2020, as CFO Mytoys Group in Berlin Tobias Nieber has held responsibility for Finance, Logistics, and Human Resources.

"I am delighted that in Tobias Nieber we have found the ideal successor to Jürgen Angstmann within the Otto Group. Tobias has already gathered many years of experience within our Group and has very wide-ranging expertise. He will leverage his deep know-how to drive the transformation of the Witt-Gruppe actively forward," emphasises Dr. Marcus Ackermann, Member of the Otto Group Executive Board, Multichannel Distance Selling, and Chairman of the Witt-Gruppe Advisory Board.

After an overlapping transitional period, Jürgen Angstmann is to leave the Witt-Gruppe on 30 June 2024 after over thirty years' service. He began his career as Head of Human Resources Development, then made a lateral move in January 1997 to Sales as Project Manager of the 'Sieh an!' brand relaunch. In an impressively brief period he successfully positioned and established this Womenswear mail-order business in Germany and abroad as a standalone concept within a fiercely price-competitive market segment. Following his appointment as Head of Sales in October 1998, he became Managing Director Sales at Sieh an! Handelsgesellschaft mbh. Since January 2009 Angstmann has been a Member of the Josef Witt GmbH (Witt-Gruppe) Management Board. He was initially responsible for the Advertising, Production, and Sales Management Areas as well as for 'Sieh an!' Marketing, Sales, and Purchasing. He has been CFO/COO Witt-Gruppe since March 2017, with Board responsibility for the Controlling & Finance, IT, Business Intelligence, Organization & Business Management, Customer Service, Facility Management, and Logistics Areas.

"For 14 years, Jürgen Angstmann has played a key role as Managing Director particularly in shaping the transformation of the Witt-Gruppe. We are preparing to bid a heartfelt farewell to a highly esteemed management colleague when he retires," says CEO Patrick Boos on behalf of the entire Management team. Dr. Marcus Ackermann adds: "I am deeply grateful to Jürgen Angstmann, whose tremendous commitment over this period has made a major contribution to the Witt-Gruppe's successful transformation. As a result, this Otto Group company is now outstandingly positioned to meet current and future market challenges – and is currently outperforming the overall sector trend as well as its own business plan."

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Fibre2Fashion News Desk (RM)