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BHS owner appoints chief financial officer

BHS owner Retail Acquisitions has named restructuring specialist Aidan Treacy as its new chief financial officer.

Treacy joins Retail Acquisitions from advisory, investment and financial restructuring company Essendon Group, where he has been an associate director since June 2014.

He originally qualified as a chartered accountant with Coopers & Lybrand, now part of PwC, and his CV includes a stint as dairy company Unigate’s finance director from 1984 to 1989.

Treacy told The Independent: “Joining the already strong entrepreneurial team at [BHS owner] Retail Acquisitions, and working with the fantastic retailers leading BHS in its turnaround plan, is the most exciting opportunity in the UK for a turnaround specialist like me.”

He said all involved were “determined to renew this iconic high street brand”.

Sir Philip Green sold BHS to Retail Acquisitions for £1 in March.

When the deal was announced Retail Acquisitions said it would appoint retail turnaround experts in due course.

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