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Shuffle Board: Neiman Marcus Makes Key C-Suite Appointment, Drexler Back as CEO of Alex Mill

Retail

Neiman Marcus

Neiman Marcus Group (NMG) appointed Hannah Kim as chief legal officer, corporate secretary, chief compliance officer and a member of the executive team, effective July 26.

Kim was most recently chief legal officer at Energizer Holdings Inc., where she was responsible for legal, compliance, ethics, regulatory and government affairs. She also brings significant experience leading environmental, social, and governance (ESG) strategy, an area of increasing importance to NMG as the company prepares to announce its three-year ESG strategy later this year.

Neiman Marcus Group named Hannah Kim as chief legal and compliance officer, while Mickey Drexler is back as CEO at Alex Mill.
Hannah Kim Courtesy

In her new role, Kim will oversee legal and compliance for NMG to promote and protect the overall business strategy.

Kim’s hiring follows several recent key strategic hires, including Bob Kupbens as executive vice president and chief product and technology officer for NMG, and new Neiman Marcus leaders Paolo Riva, senior vice president and general manager of brand partnerships and merchandising, and Lisa Aiken, as senior vice president and fashion and lifestyle director.

Neiman Marcus Group brands include Neiman Marcus, Bergdorf Goodman, Neiman Marcus Last Call and Horchow.

Brands

Alex Mill

Former J.Crew CEO Millard “Mickey” Drexler is taking on the CEO role at Alex Mill, the apparel brand started by his son, Alex Drexler, according to a report from the Wall Street Journal.

Mickey Drexler already had held an advisory role as executive chairman of the brand Alex founded in 2012 with the goal of “making the perfect shirt.” In 2017, the retail veteran made an investment in the company and introduced his son to Somsack Sikhounmuong, who was then J.Crew’s chief design officer.

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Prior to J.Crew, Drexler was president of CEO of Gap Inc. In the nearly two decades he worked at Gap until his departure in 2002, the retailer grew from 550 stores doing $80 million in sales to 4,000 stores valued at nearly $14 billion.

Financial

Blackford Capital

Blackford Capital, a private equity firm based in Grand Rapids, Mich., announces the addition of Steve Feniger as operating partner.

Feniger brings more than 30 years of international buying and sourcing experience and will support initiatives at several of Blackford’s portfolio companies. He has been based in Hong Kong and Shanghai for the last 23 years, working with brands and retailers to optimize their buying and sourcing operations in Asia.

After starting his career as a buying manager in London, Paris and Hong Kong, Feniger ran global sourcing, manufacturing and retailing for Warnaco Inc., overseeing $600 million in production of Calvin Klein Jeans, Calvin Klein Underwear, Chaps Ralph Lauren and Speedo, as well as managing all 11 Warnaco factories in six countries. Following that role, he served as CEO of Linmark Group (HK), which he grew into the second largest buying agency in Asia, led a successful IPO and managed staff across 37 buying offices, spanning 18 different countries across Asia.

In addition to working with Blackford Capital, Feniger runs his own consulting business, 55 Consulting, in Hong Kong and Shanghai, which provides apparel and consumer goods sourcing consultancy for elevating existing buying offices or setting up turnkey operations.

Blackford makes majority control investments in founder and family-owned, lower middle-market manufacturing, distribution and industrials companies.