Investment AB Kinnevik pulled its two directors from the supervisory board of Rocket Internet SE, the latest sign of growing friction between two companies that have co-invested in European and emerging market startups for several years. Lorenzo Grabau, Kinnevik’s chief executive officer, and Erik Mitteregger, a board member of the Swedish investment company, will step down June 9, Rocket said in a statement Monday. They will be replaced by former Deutsche Bank AG finance chief Stefan Krause and Orange SA executive Pierre Louette. Grabau, a former Goldman Sachs Group Inc. banker, stepped down as Rocket chairman late last year.
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