Business · Companies · 13 hrs ago
Hugo Boss sales chief Oliver Timm to leave at month-end
Hugo Boss sales chief Oliver Timm will leave at the end of November at his own request, the company said.
The German fashion group is based in Metzingen, and Timm also serves as deputy to CEO Daniel Grieder.
He joined Hugo Boss in 2021 from Tommy Hilfiger and became deputy CEO in 2024.
His duties will be shared by Grieder and COO Ivica Maric, with no replacement planned for now.
The departure follows Frasers, a British clothing retailer, raising its stake in Hugo Boss to nearly 50% in September.
Finance chief Yves Müller had already left after that stake increase, and Maric took over his role.
The changes mark a further leadership shift at Hugo Boss after Frasers increased its stake.
Hugo Boss sales chief Oliver Timm will leave the company at the end of the month at his own request.
The company said his responsibilities will be divided between chief executive Daniel Grieder and chief operating officer Ivica Maric.
Timm will not initially be replaced.
He joined Hugo Boss from Tommy Hilfiger in early 2021 and became deputy chief executive in 2024.
His departure follows chief financial officer Yves Müller’s exit after Frasers increased its stake in Hugo Boss to almost 50 percent.
- Who
- Oliver Timm, Hugo Boss’s sales chief and deputy chief executive.
- What
- He will leave the company at the end of the month at his own request.
- When
- At the end of the month; the announcement was made on Monday evening.
- Where
- Hugo Boss, headquartered in Metzingen, Germany.
- Why
- Timm is leaving at his own request. The sources do not give a further reason.
This story does not have two clearly opposing sides.
Timm joined Hugo Boss from Tommy Hilfiger.
Timm became deputy chief executive.
Frasers increased its stake in Hugo Boss to almost 50 percent, after which chief financial officer Yves Müller left.
Hugo Boss announced that Timm would leave at the end of the month.
- Departure
- Oliver Timm to leave at month-end
- Replacement
- Timm will not initially be replaced
- Responsibilities
- To be divided between Daniel Grieder and Ivica Maric
- Previous employer
- Tommy Hilfiger
- Joined Hugo Boss
- Early 2021
- Promotion
- Deputy chief executive in 2024
What people are saying
Oliver Timm and I have worked side by side for almost 30 years. His departure is therefore also a special moment for me personally.
I will miss working with him.