Harvey Nichols has named Stacey Cartwright as its new chief executive, ending months of speculation.
As reported by Drapers back in September the former chief financial officer of Burberry starts in her role on February 17, taking over from Joseph Wan who has held the reins for 21 years.
Wan, who steps down at the end of March, said: “Nothing gives me greater pleasure than handing over to Stacey a stronger Harvey Nichols than the one I joined. I wish Stacey well in her new role and under her leadership I look forward to seeing Harvey Nichols growing from strength to strength.”
Cartwright left Burberry in July, having been at the luxury label for nine years, and was widely credited with having driven the business nearly four-fold by entering new markets such as China and the Middle East. Burberry reported a turnover of more than £2bn as she announced her departure.
Cartwright said: “I am excited by the opportunity to further develop the world class brand both in the UK and internationally.”
The recruitment process saw Wan and Harvey Nichols chairman Dickson Poon scour the globe for a suitable candidate. Poon said her appointment “underlines our commitment to raising the bar even higher in this sector”.