Takko Fashion confirms management changes

Takko Fashion, one of the leading smart fashion discounters in Europe, today announces the departure of CFO Andreas Silbernagel. The Chief Financial Officer is leaving the company at his own request by the end of March.

For health reasons, Andreas Silbernagel had adjourned his position since the beginning of the year. His responsibilities will continue to be carried out by Ernst de Kuiper, Interim CFO Takko Fashion, who brings extensive experience in the retail business and is familiar with private equity-owned companies.

With over 30 years of experience at Takko Fashion, Andreas Silbernagel has accompanied the company on its path to success almost from the very beginning. The entire management and all colleagues at Takko Fashion are extremely grateful to him for his outstanding commitment during this time.

Karl-Heinz Holland, Chairman of the Advisory Board of Takko Fashion: "Over the entire period of his employment, Andreas Silbernagel has played an essential role in the development of the company. Andreas has absolutely internalised and lived the Takko spirit. We are extremely grateful for his commitment and great collaboration. We wish him all the best for his future, both personally and professionally."

As the company has already announced, Markus Rech will take over the position of Chief Executive Officer of Takko Fashion from the first of April. The 47-year-old already started working for the company in February to ensure a smooth handover in the second quarter.

Markus Rech takes over as CEO from Karl-Heinz Holland, who has held the position on an interim basis until to date. As Chairman of the Advisory Board of Takko Fashion, Karl-Heinz Holland will continue to work closely with the company and the new management.

Takko Fashion was founded in 1982. With its more than 1,900 stores in 17 countries and almost 18,000 employees overall, Takko Fashion is one of the most successful fashion discounters in Europe. As a “smart discounter”, the company offers quality- and price-conscious fashion for every day – online and in stationary retail.


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