Frank De Moor resigns as Macintosh Retail Group's CEO | RetailDetail

Frank De Moor resigns as Macintosh Retail Group's CEO

Frank De Moor resigns as Macintosh Retail Group's CEO

Frank De Moor has been Macintosh Retail Group's CEO for the past eleven years, but now he wants to resign after more than 20 years with the retail group.

From 1 August onwards

After talks with the board of directors, it has been decided that Frank De Moor will resign on 1 August, apparently to continue his career elsewhere. He will remain CEO up until that time to allow the refinancing negotiations to finish and to find a successor to lead the parent company of Kwantum, Steve Madden and Scapino.

 

Macintosh Retail Group has been in the eye of the storm for a while now, as the internet, the crisis and increased international competition impacted the financial results quite badly. The retail group had already reacted by an increased focus on fashion, while Frank De Moor wanted to turn Macintosh into a cross channel party.

 

"New stage of Macintosh's development"

De Moor believes it is the right time to get a new CEO, who gives "direction to the new stage of Macintosh's development". "Over the past few years, Macintosh has adjusted to changes in consumer shopping behaviours in challenging markets. Taking a customer-centric approach, my colleagues and I have managed to transform Macintosh into a cross-channel retailer in Fashion and Living. Macintosh is now well-positioned to benefit from the better times that are ahead for consumers."

 

He will not get a severance package, but the supervisory board will give him part of his variable wage package for 2014 and Frank De Moor still has 275,000 Macintosh share options

Questions or comments? Please feel free to contact the editors


Blokker decapitated: CEO Holding and CEO Belgium resign

24/04/2018

The end seems near for Dutch store chain and holding Blokker, because CEO Casper Meijer announced his departure at Blokker Holding today. He will stay on until June, but CEO Belux Bernd Bosch will leave immediately.

Smyths Toys acquires Toys ‘R’ Us in Central Europe

23/04/2018

Irish Smyths Toys has announced a deal with bankrupt toys giant Toys ‘R’ Us to take over all of its 93 stores in Germany, Austria and Switzerland. Financial details about the deal were not disclosed.

Stop overregulation blocking retailers delivering value for consumers

20/04/2018

(content provided by EuroCommerce) In an initial response to the Commission Communication: A European retail sector fit for the 21st century, published today, EuroCommerce approves of the Commission's stance against overregulation.

The Future Of Shopping wins Management Book of the Year award

20/04/2018

RetailDetail can proudly announce that “The Future of Shopping: Waar iedereen retailer is” (The Future of Shopping: where everyone is a retailer), written by Pauline Neerman and Jorg Snoeck, is 2018’s management book of the year.

100 million Prime subscribers for Amazon

19/04/2018

Ecommerce giant Amazon surpassed the 100 million Prime subscriber mark, just one of the many milestones CEO Jeff Bezos mentioned in his annual shareholder briefing.

Distributors and transport industry demand cleaner trucks

19/04/2018

35 companies, including Colruyt, Carrefour and Ikea have asked Europe to force truck manufacturers to lower their emissions 25 % by 2025. “Totally unrealistic”, the manufacturers’ spokesperson said.