The company will reorder its management when Thomas Tochtermann, until now president of the maximum body of fashion German company, leave his position the next 25 June.
Tom Tailor modifies its top management. The German fashion company has reordered its management board with the departure of its president, a few months later after the Chinese group Fosun raised its participation in the company until the 50%.
Thomas Tochtermann, until now president of the maximum government body of Tom Tailor, has announced that he will leave his position the next 25 June. His departure, by mutual agreement, is done under Fosun petition with the aim of having a higher participation in group’s board.
Jenny Junyang Shao will take charge of the presidency of the management board temporarily after Tochtermann’s departure. In parallel, Michael Chou, financial director of Fosun, has entered Tom Tailor’s board as a non-executive member.
Tom Tailor is one of the ten greatest German retailers. Founded in 1962, the company is owner of chains Tom Tailor and Bonita and quotes in Frankfurt’s stock market. The group employs 6,800 workers and has a network of 1,460 establishments in twenty countries.