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.
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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.’