Napoleon Nazareno leaves the board of Rocket Internet

Rocket Internet

Napoleon Nazareno (L.) has resigned from the Supervisory Board of Rocket Internet.

The company made the announcement as part of the outcome of its Annual General Meeting held yesterday.

The Annual General Meeting appointed Christopher H. Young as a new member of the Supervisory Board. Mr. Young serves as Chief Financial Officer of First Pacific Company, an investment and management company listed on the Hong Kong Stock Exchange.

Prof. Dr. Marcus Englert, Prof. Dr. h.c. Roland Berger, Norbert Lang and Prof. Dr. Joachim Schindler have been re-elected as members of the Supervisory Board. The size of the Supervisory Board was reduced from 9 to 8 members as suggested. Dr. Martin Enderle’s mandate ended at the end of the Annual General Meeting without a replacement. Mr. Enderle will remain part of the Rocket Internet network as he got appointed as member of the Supervisory Board of Delivery Hero.

The shareholders discharged the members of the Supervisory Board and the Management Board for the financial year 2016.

Oliver Samwer, CEO Rocket Internet: ”We remain committed to creating sustainable value for our shareholders and are grateful for the confidence and support. In 2017, our main focus remains unchanged and lies on further growth and improving the profitability of our selected companies.”

It would be recalled that Jumia, a Rocket Internet eCommerce venture in Nigeria disclosed that it made a net loss of EUR23.7 million for the first quarter of 2017.

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