Tim Belk, Belk CEO, to Retire
June 29, 2016,
CHARLOTTE, N.C.—Tim Belk will retire as CEO of Belk Inc., to be succeeded by Lisa Harper, who previously served as CEO of Hot Topic, July 5.
Belk, grandson of the retailer’s founder, William Henry Belk, has been with the company since 1981. He served in a variety of roles, including buyer, store manager, divisional merchandise manager for men’s and boys, senior vice president of human resources and president of stores and real estate before becoming CEO in 2004. He led Belk through its acquisitions of Parisian, Proffitt’s and McRae’s, and through its purchase by Sycamore Partners, which was closed in December.
Belk will remain on the company’s board. “Tim’s vision and passion as a leader were among the qualities that first attracted us to Belk, and I look forward to continuing to work with him on the board,” said Stefan Kaluzny, Belk’s chairman and managing partner of Sycamore Partners.
“We are excited for the company’s next chapter, and we believe Lisa will position Belk for future success as we build on the company’s legacy and continue to deliver its Modern. Southern. Style,” Kaluzny said.