Personalities – A new Professor named at German University of Stuttgart – New CEO for German Karstadt Department Store Group


A new Professor named at German University of Stuttgart

Dr. Ing. Götz T. Gresser has been named on December 11, 2013 as new Professor for textile technology, fibre based materials and textile machinery engineering at German Stuttgart University. He will take up his teaching immediately.


With effect of April 1, 2013, Prof. Gresser started to manage ITV Denkendorf and the DITF’s ITV Product Service GmbH.

Götz Gresser (49) is returning to his Alma Mater where he graduated in 1991 in machinery engineering and got his doctor’s degree in 1998. Already during this time he was in contact with ITV Denkendorf  through various research projects. 1997 he assumed a managerial task with Maschinenfabrik Rieter AG in Winterthur (CH) with a focus on R&D and Innovation. In the framework of his tasks he coordinated the development collaboration with external research bodies and institutes, such as ITV Denkendorf, ITM Dresden (both D) and the Federal Institute of Technology in Zurich (CH) and various other foreign and Swiss partners. His success is documented in a number of patents registered.

Already in his maiden speech in April 2013 he underlined that the focus of ITV will be on the use of creative and intelligent application of fibre based materials for the development of product and technology oriented innovations. The new link between research and teaching derives on his aim to achieve concrete concepts, products and process engineering to cater to the requirement of the market by research, development and implementation.


New CEO for German Karstadt Department Store Group

On December 11, 2013 the Board of Directors elected Eva-Lotta Sjostedt as new CEO of German Karstadt Department Store GmbH, effective February 24, 2014

sjostedtSjostedt is the successor of Andrew Jennings who’s contract is ending at the end of 2013. She has served lately as Deputy Global Vice >President of IKEA Group and among her responsibilities was the worldwide multi-channel strategy of the company. She formerly held various top management positions with IKEEA in Japan and the Netherlands as country manager of IKEA. She has experience in market entry and turnaround situations in competitive markets. Eva-Lotta Sjostedt started her professional career as fashion designer and fashion buyer for different retailers with several years of experience in Asia.

Dr. Stepahn Fanderl, Chairman of the Board declared: With Eva-Lotta Sjostedt we acquire great competence to master the future path of Karstadt. We have to face a difficult environment and she knows the loyalty of our customers and the enormous potential with Karstadt and its collaborators. She will assist us to develop our continued business activities. Eva-Lotta Sjostedt addes: It is our aim at Karstadt to fulfil the requirements of our customers in the tradition of our experiences and also by following new ways to meet our customers’ expectations. Thus, we need those who have already given a lot to the company: the Karstadt collaborators. I am absolutely and without reserve convinced that a company build-up can only be accomplished with talented collaborators. I know by experience how important it is that each collaborator must be given the opportunity to exploit its potential. We have to make Karstadt quickly to a profitable company and therefore we need the maximum of performance of each collaborator. We jointly want to achieve a lot.”

Nicolas Berggruen, owner of Karstadt expressed his thankfulness to Andrew Jennings for his enduring work in the last three years at the helm of Karstadt, and Dr. Fanderl added: Under his leadership Karstadt has modernised many Karstadt locations and he introduced international brands and important events and marketing activities. Andrew Jennings is a retail entrepreneur by vocation and there are only a very few disposing of his expertise in department stores. We feel sure that he will successfully following this path for many more years and our best wishes will accompanying him.

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