Andrew Jennings has landed another gig — chairman of the supervisory board of Hema, the European chain owned by the British investment firm Lion Capital.
This story first appeared in the April 10, 2015 issue of WWD. Subscribe Today.
Hema, which operates about 600 stores across the Netherlands, France, Germany and Spain and recently began opening units in the U.K., also named Tjeerd Jegen as chief executive officer. Jegen was a managing director for Woolworths Australia and earlier held senior roles at Royal Ahold, Metro Group and Tesco.
“Hema is a modern-day version of the original variety store, like the former F.W. Woolworth’s,” Jennings told WWD. “The opportunities are international expansion and e-commerce. We can grow the business substantially over the next few years.” Volume currently stands at almost 1.2 billion euros, or $1.3 billion.
Jennings said he will be spending about six days a month on the Hema assignment. He also serves as a senior retail adviser to Myer Department Stores in Australia and Majid Al Futtaim Ventures in the Middle East, and as a non-executive director at Ted Baker. During his career, Jennings has held the top slots at Karstadt in Germany, Holt Renfrew in Canada, Harrods and House of Fraser in London, Woolworths in South Africa, and Saks Fifth Avenue in New York.
“Although the Dutch retail market is facing significant challenges, Andrew and Tjeerd will build on the strength and heritage of the Hema brand, continuing to drive Hema’s development strategy and ensuring the company’s long-term success,” said Robert Darwent, a member of Hema’s supervisory board.