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House of Fraser CFO steps down after 8 years in role

MARK GIFFORD, House of Fraser’s long-standing chief financial officer, has become the latest member of its senior team to leave the department store group following its acquisition by a Chinese conglomerate.

Gifford, who is leaving the business after eight years in the role, will be replaced by Colin Elliot, a chartered accountant with over 25 years’ experience, most recently as group finance director of De Vere Group, the hotels and leisure business.

Previously, Elliot held a number of senior positions including CFO of Malmaison Hotels, chief operating officer for Whitbread in its international hotels and restaurants division and FD of Premier Inn.

In February, House of Fraser chief executive John King stepped down months after Chinese consortium Nanjing Xinjiekou bought the business, and followed the retirement of former chairman Don McCarthy.

The company said Gifford will remain with the business until the end of September 2015 in order to ensure a smooth transition.

Nigel Oddy, House of Fraser CEO said: “We are delighted to announce Colin’s appointment as chief financial officer, and I would like to personally welcome him to the team. He brings a wealth of experience to the business as we continue our growth and expansion both in the UK and internationally.

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