Neiman Marcus hires new COO, CFO

Neiman Marcus announced Donald Grimes will join the company as exec VP, COO and CFO. He will be taking over for Jim Skinner, who will now serve as vice chairman, a newly-created position. Grimes has past leadership experience at Wolverine World Wide Inc., where he was senior VP, CFO and treasurer.

"Don brings impressive and extensive leadership experience in operations, strategy and corporate finance, including M&A and international," said Karen Katz, Neiman Marcus president and CEO. "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."

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

His past career includes leadership positions at Keystone Automotive Operations and Brown-Forman Corporation. Grimes began his career at Coopers & Lybrand. Press Release