Online fashion platform Global Fashion Group (GFG) has appointed Patrick Schmidt as co-CEO.
Effective February 1, the move will see Schmidt drive growth in GFG businesses across the world.
This includes Dafiti (Latin America), Lamoda (Russia & CIS), Zalora (South East Asia) and The Iconic (Australia and New Zealand), as well as minority-owned Namshi (Middle East).
GFG chairman CEO Cynthia Gordon praised Schmidt.
“Patrick has built The Iconic, GFG’s business in Australia and New Zealand, into the market leader in the region, increasing revenue by eight times in four years.
"His deep operational knowledge and leadership track record will be a cornerstone of GFG’s success."
Schmidt welcomed the new appointment.
“Moving into my new role at GFG is a true privilege and I’m thrilled to be able to continue working with The Iconic, as well as the broader GFG team.
"When I joined The Iconic four and a half years ago, what I saw was a company with unlimited growth potential.
"In addition to my new role, I will continue as CEO of The Iconic until a successor is named later this year, and its continued success will remain my utmost priority.”
Prior to joining The Iconic, Schmidt founded Groupon Australia and later oversaw Groupon’s Latin American business. He started his career as a strategy consultant at Boston Consulting Group.