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Neiman Marcus Names New President, CFO Departs

  • Written by  Glenn Taylor
Neiman Marcus Names New President, CFO Departs

Neiman Marcus Group has appointed Ralph Lauren executive Lana Todorovich as its President and Chief Merchandising Officer. Todorovich, who was President of North America Wholesale at Ralph Lauren, is filling a position that has been vacant since 28-year veteran Jim Gold exited the post in March.

The luxury retailer also announced the departure of EVP, CFO and COO Adam Orvos, who joined Neiman Marcus in April 2018 and oversaw the company’s $5 billion debt refinancing, which extended payments out to 2023. Orvos is resigning to move on to an undisclosed company but will remain with Neiman Marcus through Oct. 11, 2019 to assist with the transition. Neiman Marcus has begun a search for Orvos’ replacement.

Todorovich will report to Neiman Marcus Group CEO Geoffroy van Raemdonck and will be responsible for driving the brand’s innovative merchandising offerings as part of its transformation strategy.

Van Raemdonck also came to Neiman Marcus from Ralph Lauren, but said he didn't work directly with Todorovich. He was head of the apparel company's European division before coming to Neiman Marcus in February 2018.

“As we build the preeminent luxury customer platform to bring seamless, personal and magical experiences to our customers, Lana’s depth of experience will help elevate the Neiman Marcus brand for customers, brand partners and our associates,” said van Raemdonck in a statement. “Her outstanding leadership and partnership skills, as well as her proven track record, make her a perfect fit for our organization.”

Previously, Todorovich was President of Women's Apparel at Global Brands Group and President at Perry Ellis International. She also was a Senior VP at Calvin Klein.

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