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Neiman Marcus Names New CFO

Neiman Marcus Names New CFO

Neiman Marcus has appointed Adam Orvos as CFO, effective April 25. Orvos will lead finance, accounting, properties, capital planning and spend management functions, reporting directly to CEO Geoffroy van Raemdonck. Dale Stapleton, Interim CFO since June 2017, will continue in his capacity as Senior Vice President and Chief Accounting Officer.

Orvos has worked in retail since 1987, most recently as CEO at Total Wine & More. His prior experience includes CFO roles at Belk Department Stores and the Foley's division of May Stores.

This appointment marks the second C-level shift at Neiman Marcus in 2018, following the retirement of Karen Katz, former President and CEO on Feb. 12. The retailer saw a 6.7% increase in comparable revenues in second quarter 2018, the fastest quarterly growth since Q4 2012.

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