DGAP-News: TOM TAILOR Holding AG / Key word(s): Change of Personnel
TOM TAILOR Holding AG: CEO Dieter Holzer to leave the Management Board of
TOM TAILOR Holding AG
22.09.2016 / 17:53
The issuer is solely responsible for the content of this announcement.
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CEO Dieter Holzer to leave the Management Board of TOM TAILOR Holding AG
- Chief Operating Officer Dr Heiko Schäfer appointed CEO on a provisional
basis
- Supervisory Board Chairman Uwe Schröder temporarily joins the company's
Management Board
Hamburg, 22 September 2016. Dieter Holzer, the Chief Executive Officer
(CEO) of TOM TAILOR Holding AG, leaves the company's Management Board with
immediate effect for personal reasons by mutual agreement with the
Supervisory Board. The Supervisory Board has appointed Management Board
member Dr Heiko Schäfer as the new CEO on a provisional basis. Dr Schäfer
has served as the company's Chief Operating Officer (COO) since December
2015. He has many years' experience in the fashion industry and a strong
track record in the management of cross-functional transformation projects.
He will manage the company alongside Chief Financial Officer (CFO) Thomas
Dressendörfer. They will jointly further advance the initiated initiatives
to sustainably improve the company's profitability.
In addition, the Supervisory Board has delegated its Chairman, Uwe
Schröder, in accordance with Section 105 (2) of the German Stock
Corporation Act (AktG), to join the company's Management Board for a
maximum period of one year. He will assume responsibility on an interim
basis for issues related to products, sales and the collections. Jerome
Griffith has been elected as the new Chairman of the Supervisory Board, of
which he was already a member. He was also the president and CEO of TUMI
INC. The Supervisory Board will initiate a process to appoint a new CEO
without delay. This process should be completed by the time of the next
Annual General Meeting in the spring of 2017.
"Dieter Holzer had a substantial impact on the dynamic growth of TOM TAILOR
over a 10-year period and has decisively influenced the company's
development. He led TOM TAILOR to the stock exchange and expanded the scale
of the company to a new level," said Uwe Schröder. "I thank him on behalf
of the Supervisory Board and also personally for his many years of service
with our company and wish him all the best for the future."
About TOM TAILOR GROUP
TOM TAILOR GROUP is an international fashion and lifestyle company offering
stylish apparel and accessories in the medium price range through its
umbrella brands TOM TAILOR and BONITA. The TOM TAILOR umbrella brand
comprises the brands TOM TAILOR, TOM TAILOR Denim, and TOM TAILOR
CONTEMPORARY Women. These high-quality collections are aimed at customers
between 0 and 40. BONITA, one of Germany's leading fashion brand producers
and retailers, has been a part of the TOM TAILOR GROUP since August 2012.
BONITA sells menswear and womenswear collections for the over-40 age group.
The TOM TAILOR brand is marketed through the retail and wholesale segments,
and thus through single-label stores as well as wholesale partners. At the
end of June 2016, these comprised 468 TOM TAILOR stores and 206 franchise
stores, 3,145 shop-in-shops and around 8,400 multi-label points of sale.
The brand is present in more than 40 countries.
BONITA has more than 1,011 retail stores and now has more than eleven shop-
in-shop spaces.
The collections of both brands are also available through their respective
online shops.
Further information is also available at www.tom-tailor-group.com and
www.bonita.eu
Media and investor contact
Felix Zander
Head of Investor Relations & Corporate Communications
TOM TAILOR GROUP
Phone: +49 (0) 40 58956-449
E-Mail: felix.zander@tom-tailor.com
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22.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: TOM TAILOR Holding AG
Garstedter Weg 14
22453 Hamburg
Germany
Phone: +49 (0) 40 589 56 0
Fax: +49 (0) 40 589 56 398
E-mail: info@tom-tailor.com
Internet: www.tom-tailor-group.com
ISIN: DE000A0STST2
WKN: A0STST
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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504623 22.09.2016
DGAP-News: TOM TAILOR Holding AG: CEO Dieter Holzer to leave the Management Board of TOM TAILOR Holding AG
| Source: EQS Group AG