TOM TAILOR Holding SE

  • WKN: A0STST
  • ISIN: DE000A0STST2
  • Land: Deutschland

Nachricht vom 17.03.2015 | 18:11

TOM TAILOR GROUP: New organizational structure to accelerate verticalization


TOM TAILOR Holding AG / Key word(s): Strategic Company Decision/Change of Personnel

2015-03-17 / 18:11


  • Reduction of Management Board members from four to three members
  • Expansion and empowerment of second management level
  • Improved efficiency of individual brands
  • Shorter decision-making processes and faster response times

Hamburg, 17 March 2015 - The TOM TAILOR GROUP plans to reinforce its long-term competitiveness through an accelerated verticalization of the Group. For that purpose, the company starts to put in place a new organizational structure effective as of 1 April 2015. With the resulting empowerment of the individual brands, the TOM TAILOR GROUP aims to set the stage for long-term profitable growth and create optimal conditions for sustainably enhancing corporate value.

In the new organizational structure, the second management level below the Management Board will be expanded and strengthened significantly. Responsibility for the individual brands will be pooled at that level, each with its own Vice President in charge of all sales channels. This step towards consistent verticalization will enable the company to take a more targeted approach to the brands' individual value propositions and align them more consistently with customer needs. At the same time the wholesale partners will benefit as well from the new structure since it will shorten processes and decision-making routes to permit faster response times.

With the implementation of the new organization, Dr Marc Schumacher (37), who has served as Chief Retail Officer since 2010, is departing from the Management Board of TOM TAILOR Holding AG at his own request, effective as of 30 April 2015. Daniel Peterburs (32), who previously held the position of Chief Product Development and Procurement Officer (CPO), will support the transition process in his future role as Vice President with new brand responsibilities. As a result, the Management Board of TOM TAILOR Holding AG will in future consist of CEO Dieter Holzer, CFO Dr Axel Rebien and a Chief Operating Officer, who will be appointed in the coming months to hold Group-wide responsibility for cross-divisional functions such as IT and sourcing.

"On behalf of the Supervisory Board and Management Board of TOM TAILOR Holding AG, I want to thank Dr Marc Schumacher and Daniel Peterburs for their work and commitment while serving on the Management Board of TOM TAILOR GROUP as well as for their support in developing the new organizational structure," said Uwe Schröder, the Chairman of the Supervisory Board of TOM TAILOR Holding AG.


About TOM TAILOR GROUP

The TOM TAILOR GROUP is an international fashion and lifestyle company offering fashionable casual wear and accessories in the medium price range under the brands TOM TAILOR, TOM TAILOR Denim, TOM TAILOR POLO TEAM, BONITA and BONITA men. Since August 2014, TOM TAILOR has presented a new brand image to the market. By sharpening its core brand, TOM TAILOR is positioning itself as a new urban player, backed by a redefined brand claim, "Life is a game, play it, be confident, dress in style". The TOM TAILOR collections are aimed at customers aged between 0 and 40 and are marketed in more than 35 countries via its wholesale and retail segments. BONITA, one of Germany's leading fashion brand producers and retailers, has been part of the TOM TAILOR GROUP since August 2012. BONITA sells women's and men's wear collections for the over-40 age group.

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
Email: felix.zander@tom-tailor.com

Erika Kirsten
Manager Corporate Communications
TOM TAILOR GROUP
Phone: +49 (0) 40 58956-420
Email: erika.kirsten@tom-tailor.com





2015-03-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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334221  2015-03-17 

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