Rocket Internet’s 2 supervisory board members resign

Q.  Rocket Internet has said which executives would resign from the supervisory board w.e.f June?
- Published on 03 May 16

a. Lorenzo Grabau
b. Erik Mitteregger
c. Both of the above
d. Neither of the above

ANSWER: Both of the above
 
The two board members who will be resigning are Lorenzo Grabau and Erik Mitteregger. The members from long standing investor Kinnevik are resigning after Swedish fund hit shares in the German e-commerce firm through cutting valuations for joint holdings.
  • Rocket Internet has been funding companies such as Jabong.
  • The two would be replaced by board members independent of shareholders- former Deutsche Bank CFO Stefan Krause and Orange deputy chief executive Pierre Louette.

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