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Karlsruhe, Germany--Online watch retailer, Chrono24, has named Carsten Keller as its new CEO, effective Jan. 1, 2024. He replaces Tim Stracke and Holger Felgner who are co-CEOs of the luxury watch platform. Stracke and Felgner will remain key shareholders and continue to support the company as active members of the board, which Tim Stracke will lead as its chairman, the company said in a statement issued Thursday.

“While the decision hasn’t been easy, Holger and I always knew that we would eventually need to find a successor to lead Chrono24 into the next phase of growth,” Stracke said in the statement. “Carsten’s expertise in the luxury industry and with fast-paced online marketplaces as well as his experience in the leadership team of a publicly traded company make him a one-in-a-million candidate to unlock the next chapter for Chrono24.”

[Carsten Keller, Photo credit: Chrono24]

Keller, according to the company statement, was instrumental in building Europe’s leading marketplace for fashion brands and retailers at Zalando, contributing more than 5 billion euro to the platform's overall gross merchandise value. Keller also founded Zalando’s Connected Retail venture – enabling more than 7,500 offline retailers to sell their goods online. Prior to Zalando, he was with McKinsey & Company for more than a decade where he held several leadership positions advising clients in the fashion and luxury sector.

Founded in 2003 by Stracke, Chrono24 has grown into one of the world’s largest online platforms for new, used and vintage watches. Felgner joined the company as co-CEO in 2016.

The eCommerce watch platform offers more than 530,000 watches from more 35,000 professional retailers and private sellers, according to the company. It attracts an average of 9 million users from all over the world per month, shopping in 22 languages. The company has offices in Karlsruhe, Berlin, New York, Miami, Tokyo and Hong Kong.

Read the full story on Forbes.