Luxury department store group Harrods has announced a significant change at the highest level of its senior management team.

The company has appointed Tim Parker as chief financial officer for the group.

Parker joins Harrods following 10 years at Jardine Matheson, where he held a range of senior finance leadership positions across Hong Kong and Malaysia for the diversified Asia-focused group.

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Originally qualifying as an accountant with PwC London, Parker held numerous roles in banking before joining Jardin Matheson in 2011.

He joins Harrods as it continues its recovery from two difficult trading years caused by the Covid-19 pandemic and resulting lockdowns, the business said.

Despite trading difficulties, the business continues to invest in its in-store and online operations, including opening of new divisions and expanding its ambitious plans for H Beauty stores across the UK and an increased presence in China and the Middle East.

Michael Ward, managing director at Harrods, commented on Parker’s appointment and wider management changes at Harrods: “As we continue to recover from the Covid-19 pandemic and look towards 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.

“We are delighted to welcome Tim to Harrods.

“I know the business will gain hugely from his leadership and extensive experience in a fast-moving market, and I look forward to working closely with him.”

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