Neiman Marcus: Roosevelt Field Store Opening, New York - 18 Feb 2016Neiman Marcus: Roosevelt Field Store Opening, New York - 18 Feb 2016

Adam Orvos has been named chief financial officer of the Neiman Marcus Group, taking over the role from Dale Stapleton who has been serving as interim cfo since June 2017.

Stapleton will continue to serve as senior vice president and chief accounting officer, a role he has held since 2010.

Orvos begins his new job on April 25. He will report to Geoffroy van Raemdonck, NMG’s chief executive officer, and will be responsible for finance, accounting, properties, capital planning and spend management for the Dallas-based NMG.

Most recently, Orvos was ceo of Total Wine & More and before that executive vice president of retail at the company.

Earlier, Orvos was cfo at Belk Inc. for three years and before senior vice president of finance and corporate controller there.

A 30-year veteran of retailing, Orvos started his career with the former May Department Stores Co. in 1987. He rose through the financial ranks at the former Foley’s division of May Co.

Van Raemdonck cited Orvos’ “substantial financial insights” adding that he is “the ideal partner to drive Neiman Marcus Group’s continued transformation into an innovative, results-driven company to achieving targeted short and long-term performance goals.”

Neiman’s has seen improving results recently but does deal with more than $4 billion in debt, though a significant portion is not due until 2020.

While this year filling both the ceo and cfo roles this year — van Raemdonck succeeded Karen Katz as ceo last February — the position of president of the Bergdorf Goodman division is still open.

 

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