House of Fraser promotes COO Oddy to CEO
British department store House of Fraser today announced that current COO Nigel Oddy will replace CEO John King, as he steps down after eight years at the helm of the company.
King will remain with the business and take up a role as a Non-Executive Director on the House of Fraser board. Oddy has more than 35 years experience in the retail sector and has worked at House of Fraser since 2007, when he joined as Director of Home and Hospitality. He was made COO in 2013.
John King, CEO commented: "It has been an honour to act as CEO for House of Fraser over the last eight and a half years and to work with such a talented team of colleagues and partners. I am extremely pleased with everything we have achieved as a team, evidenced by our record Christmas trading period and strong performance in January."
Nigel Oddy, COO, added: "It is a real privilege to be appointed to lead such a strong multi-channel business and team of people. I look forward to building on John’s strategy to drive international expansion and continue our investment in our stores, brands and our multichannel offering. We have already agreed on locations to expand the brand in China, with three stores due to open over the next two years, and plan to open further new stores in the Middle East with our franchise partner Retail Arabia.
In addition, we will continue to focus on our strategic pillars to
enhance our premium department store positioning."
House of Fraser also announced that Frank Slevin, most recently Head of Global Banking, Asia Pacific, for HSBC, has been named Executive Chairman House of Fraser Group.
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