Neiman Marcus names new EVP and CFO
Neiman Marcus has appointed Adam Orvos as Executive Vice President and Chief Financial Officer. Orvos replaces interim CFO Dale Stapleton, who will continue to serve as the company's SVP and Chief Accounting Officer.
“With his substantial financial insights and business acumen, Adam is the ideal partner to drive Neiman Marcus Group’s continued transformation into an innovative, results-driven company committed to achieving targeted short- and long-term performance goals,” stated Geoffroy van Raemdonck, Chief Executive Officer, Neiman Marcus Group.
The Dallas-based company recently reported positive Q2 fiscal results, showing the largest growth in comp revenues since Q4 of its 2012 fiscal year.
Orvos will oversee finance, accounting, properties, capital planning, and spend management functions for Neiman Marcus Group (NMG). NMG's portfolio of brands includes Neiman Marcus, Bergdorf Goodman, Mytheresa, Neiman Marcus Last Call, and Horchow.
Prior to joining the Neiman Marcus Group, Orvos was CEO of Total Wine & More. He was with Total Wine for two years, beginning as the EVP of Retail Operations for the beverage retailer.
Orvos brings over a decade of experience in department stores. He was the CFO of Belk Department Stores for three years. He was also Belk's EVP of HR for four years, and was also SVP of Finance and Corporate Controller with the southern-based retailer for three more years, as well as serving as CFO at Foley's Division of the May Department Stores Company.
Orvos holds a Bachelor of Science degree in Business Administration and Finance from the University of Missouri.
According to a corporate filing, Orvos will begin his role with Neiman Marcus April 25, 2018. He has agreed to a base salary of $750,000 with a progressive bonus structure.
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