Dr. Michael Otto

Chairman of the Supervisory Board, Otto Group.

Dr. Michael Otto is Chairman of the Supervisory Board of the Otto Group in Hamburg, Germany. Between 1981 and 2007 he was Chairman of the Executive Board and CEO of the Otto Group. Under his leadership the company has developed into the largest mail order group in the world and the only global player in this market. Today the Otto Group consists of 123 main companies and operates in nineteen countries in Europe, America and Asia. As head of the group, Dr. Otto cultivates a cooperative style of management and aims to delegate as much responsibility as possible to every staff member. In addition he considers it important that everyone should be prepared to take on other tasks in society besides his or her regular job. This attitude is reflected in the many honorary posts that Dr. Otto holds. He is, for example, Chairman of the Board of Trustees of the Society for Politics and Industry (Rissen House), Hamburg; Chairman of the Council of the Environmental Foundation WWF Deutschland; Founder and Chairman of the Board of Trustees of the Michael Otto Foundation for Environmental Protection, and Chairman of the Board of Trustees of the Werner Otto Foundation for Medical Research.