Ex-Ralph Lauren exec replaces Neiman Marcus CEO
Katz will step down from the role of president and chief executive officer in February but will continue to serve on the company’s board of directors.
Neiman Marcus said the appointment was part of a long-term leadership succession planning process.
“As CEO, Karen helped establish Neiman Marcus as a digital leader in luxury fashion and retail and put the company on a path for long-term growth,” said David Kaplan, chairman of the board. “We are extremely grateful for her vision and significant contributions, which have spanned over 30 years at the company, including the last seven as CEO, and look forward to continuing our work together on the board
Van Raemdonck has previously served as group president for EMEA and global travel retail at Ralph Lauren and as CEO at St. John Knits International, Inc., plus a variety of global leadership roles at Louis Vuitton from 2008 to 2013
The retailer said Katz led the implementation of the company’s digital first strategy, with the company’s online business representing over 30 per cent of total revenues.
“Neiman Marcus manages one of the most iconic brand portfolios in fashion retailing, and I am excited to build on the great foundation Karen created during her tenure,” said van Raemdonck.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.