High-end retailer Harvey Nichols has revealed a series of management changes, in a bid to turn around a recent drop in profits.
From 2018, Harvey Nichols chief executive Stacey Cartwright will serve as deputy chairman at the department store, with the CEO role not to be helmed per the changes.
Cartwright will report to chairman and owner Sir Dickson Poon.
Meanwhile, the store’s commercial director Daniela Rinaldi and group finance director Manju Malhotra will take on joint roles as co-chief operating officers, respectively.
In this capacity, the pair will endure joint responsibility for the daily operations of the group and its strategic development.
“Daniela and Manju each bring a wealth of experience to their new roles, with highly complementary skill sets,” said current chief executive Stacey Cartwright.
“I am delighted to be announcing their promotions and I look forward to working alongside them,” she added.
The new COOs will report to Cartwright.
SEE ALSO : 5 shopping trends changing retail
Daniela Rinaldi said: “I am delighted to be taking on the role of co-chief operating officer. We have made great strides in our strategy to transform the business and I am committed to driving Harvey Nichols forward through the next phase of our growth.”
Manju Malhotra added: “I am immensely excited about my new role as co-chief operating officer. I look forward to continuing the transformation of our unique brand and working closely with Daniela to lead the business to further success”.