The TOM TAILOR GROUP planed to reinforce its long-term competitiveness through an accelerated verticalization of the Group. For that purpose, the company starts to put in place a new organizational structure effective as of April 01, 2015. With the implementation of the new organization, Dr. Marc Schumacher, who has served as Chief Retail Officer since 2010, is departing from the Management Board of TOM TAILOR Holding AG at his own request, effective as of April 30, 2015.

Daniel Peterburs, who previously held the position of Chief Product Development and Procurement Officer (CPO), will support the transition process in his future role as Vice President with new brand responsibilities.