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Power Moves | Benetton Heir Quits Board, Neiman Marcus Names Interim CFO, COO

This week, Alessandro Benetton quits the Italian fashion brand's board and Michael Fung is appointed Neiman Marcus' interim CFO and COO.
Alessandro Benetton | Source: Benetton Group
By
  • Helena Pike

LONDON, United Kingdom — BoF compiles the most important professional moves of the week.

Benetton Heir Quits Brand's Board
Alessandro Benetton, the son of one of the founders of the Italian fashion brand, has left the Benetton Group board. Benetton has been a member of the board for 18 years and was previously chairman of the board of directors from 2012 to 2014. In addition to his position at Benetton, he is an independent board member for Moncler and a member of the advisory board for BT Italia. Benetton began his career as an analyst at Goldman Sachs.

Neiman Marcus Names Interim CFO and COO
Michael Fung has been named interim CFO and COO of Neiman Marcus Group, succeeding Donald T. Grimes. Before joining Neiman Marcus, Fung served as interim CFO and treasurer for 99 Cents Only stores and as a member of the company's board. Previously, Fung spent 11 years at Walmart as CFO and senior vice president, global procurement and internal audit, where he was responsible for implementing Walmart's financial and procurement system, SAP.

House of Fraser CEO Steps Down
Nigel Oddy is leaving as chief executive of House of Fraser after less than two years in the role. He will remain with the business until a new CEO has been appointed. Oddy has been with House of Fraser since 2007, first holding the position of executive director. In 2013, he became chief operating officer, before being appointed CEO in 2015. Previously, he was also a director at SB Capital.

New Look E-Commerce Director Departs
Sally Heath is stepping down as e-commerce director of New Look in the new year after five years with the company. Heath joined the British retailer in 2011 as head of buying, online brands, and held several roles before being promoted to e-commerce director in 2015. Previously, Heath was head of buying at AllSaints and a buyer at House of Fraser.

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