BusinessCompany NewsSelfridges FD to run the shop

Selfridges FD to run the shop

Oxford Street's flagship retail store, Selfridges, has announced that Peter Williams, the current finance director, will take over as chief executive early next year.

Link: Selfridges FD warns against euro adoption

Williams will replace Vittorio Radice, the incumbent CE, who is stepping down at the end of February 2003 – Radice will be joining the Marks & Spencer Group as executive director of its home business.

A qualified accountant, Williams, 48, has been in the finance hot seat at Selfridges since 1991 as well as board member since that time.

Alun Cathcart, chairman of Selfridges, commented: ‘Vittorio has made a huge contribution to the reinvigoration of Selfridges in his seven years as CEO, leading the team transforming the business. I am delighted that he will be succeeded by Peter Williams, who has also been a fundamental part of Selfridges’ success to date.

‘Led by Peter, Selfridges will continue to follow the clear strategy set out since demerger in 1998, remaining at the forefront of retail.’

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