Harrods hires new chief financial officer as department store seeks to recover from Covid with global expansion

Monday, May 23, 2022 1:06 p.m.

Harrods has appointed a new chief financial officer as the luxury department store continues on the road to recovery from the Covid pandemic.

Tim Parker will join the company after a ten-year stint at Jardin Matheson, a Hong Kong-based conglomerate listed in London.

Over the past decade, Parker has held several senior finance positions in Hong Kong and Malaysia, after training in banking in London.

The Knightsbridge store faced a turbulent time during subsequent Covid lockdowns, with international tourists staying away from London for the better part of two years.

However, the company is looking to invest in its in-store and online operations, with plans for H Beauty stores across the UK.

The company also hopes to strengthen its presence in China and the Middle East.

“As we continue to recover from the Covid-19 pandemic and look to the future, it is more important than ever to have the right talent in place to guide us through the next stage of our business strategy. “, Michael Ward, managing director of Harrods, said.

“We are delighted to welcome Tim to Harrods. I know the company will benefit immensely from his leadership and vast experience in a rapidly changing market, and I look forward to working closely with him.