Tom Tailor undertakes restructuring for growth

The Tom Tailor group, with an aim to reinforce its long-term competitiveness, has begun putting in place a new organizational structure effective April 1, 2015. In the new organizational structure, the second management level below the management board will be expanded and strengthened. Responsibility for the individual brands will be pooled at that level, each with its own Vice President in charge of all sales channels.

With the implementation of the new organizational structure, Marc Schumacher, who has served as Chief Retail Officer since 2010, is departing from the management board and Daniel Peterburs, 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 board will now consist of CEO Dieter Holzer, CFO Axel Rebien and a COO, who will be appointed in the coming months to hold group-wide responsibility for cross-divisional functions such as IT and sourcing.