Donald T. Grimes to Join Neiman Marcus Group

DALLAS, Texas, June 1, 2015 – Karen Katz, President and Chief Executive Officer of Neiman Marcus Group LTD LLC announced today that, effective June 15, 2015, Donald T. Grimes will be joining the company as Executive Vice President, Chief Operating Officer and Chief Financial Officer. Mr. Grimes will succeed Jim Skinner, who will continue to be part of the company's management team in the newly created role of Vice Chairman, Neiman Marcus Group.

Mr. Grimes, 52, joins Neiman Marcus Group from Wolverine World Wide, Inc. (NYSE:WWW) where he was Senior Vice President, Chief Financial Officer and Treasurer for the global branded footwear and apparel corporation. Prior to Wolverine, Mr. Grimes held leadership and executive level positions at Keystone Automotive Operations and Brown-Forman Corporation. He started his career with Coopers & Lybrand.

"Don is an excellent choice to serve as our new Chief Operating Officer and Chief Financial Officer, " said Karen Katz, " He brings impressive and extensive leadership experience in operations, strategy and corporate finance, including M&A and international. Along with his vast experience, keen intelligence and ability to produce results, Don brings a balance of pragmatism and creativity — essential qualities for transforming our business and envisioning its future. He will be a great addition and complement to an already accomplished NMG management team."

Mr. Grimes will be responsible for finance, accounting, investor relations, tax, legal, distribution and fulfilment, and properties.

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