House of Fraser has named its new chief financial officer and the present incumbent is to step down after 13 years in the role.
Colin Elliot, previously group finance director at financial consultancy De Vere, will take up the role at House of Fraser on May 1. He replaces Mark Gifford, who is staying with the department store group until September to “ensure a smooth transition”, a statement said today.
Gifford’s future plans remain unclear.
Elliot, a chartered accountant with 25 years’ experience, has also held senior roles at Malmaison Hotels, Whitbread and Premier Inn. House of Fraser chief executive Nigel Oddy said: “He (Elliot) brings a wealth of experience to the business as we continue our growth and expansion both in the UK and internationally.
House of Fraser last week reported a rise in full-year sales and profits, boosted by a strong performance from its online business. The company also appointed Uday Kotla to the role of chief information officer this month, as it develops its multichannel strategy.