(Press release from Zando, South Africa, 20 March 2013) Zando.co.za South Africa’s largest online fashion retailer announced today changes in management as of the end of April 2013. The company is currently managed by its two MDs and Cofounders Peter Allerstorfer and Manuel Koser. Manuel has announced his resignation as he will be leaving Zando.co.za to cofound Silvertree Capital, a company builder and venture investor in African start-ups. “I have decided to step down as MD of Zando.co.za to pursue other entrepreneurial ventures, as I am start-up enthusiast and miss the excitement and hectic environment of setting up a company from scratch. I will still be a shareholder of Zando and leave the business on a good note based on my own choice. I have no doubt it will continue to go from strength to strength under the excellent management of Peter,” said Manuel.
Peter Allerstorfer will be the sole MD and Founder of Zando.co.za. Peter confirmed, “The business is still growing according to its business plan, while there will always be changes, this is what growth brings and Zando.co.za is prepared for it. I look forward to take business into its next phase. I truly thank Manuel for his dedication and effort to build South Africa’s largest fashion e-commerce player. I wish him all the best for his future endeavours”.