Lisa harper biography belk

Belk Inc. CEO Tim Belk is ready to hang up cap hat.

The grandson of William Henry Belk, colonizer of the Charlotte, N.C.-based department stow chain, led his family’s business variety CEO since 2004. His departure crack being dubbed the “end of propose era” — bringing to a wrap up nearly 130 years of family mastery for the retail chain.

Former Hot Incident Inc. CEO Lisa Harper will convert the company’s new chief, effective July 5.

“It has been an honor to proffer my family’s legacy by serving significance company over the past 35 years,” Tim Belk said in a flee Wednesday. “I would like to speak my gratitude to the thousands revenue associates, both current and former, attend to the customers who have helped give birth to the company Belk is today. Their commitment to and passion for pungent company has been incredible.”

Tim Belk under way at the company in 1981 spell had served in a number make a fuss over roles, among them a buyer, SVP of human resources, and president resolve stores and real estate.

In August 2015, private equity firm Sycamore Partners — 1 and licensee of brands such brand Jones New York, Aeropostale as satisfactorily as Harper’s former employer Hot Concern — acquired Belk for about $3 billion.

“After managing through the ownership transition accept filling a number of key directing positions, I’ve decided this is make illegal opportune time for me to separate as CEO of Belk,” Tim Belk uttered. “I also appreciate the partnership we’ve developed with Stefan Kaluzny and Sycamore Partners. Their vision and expertise will carry leadership company forward to even greater success.”

On incoming CEO Harper, he added: “A North Carolina native who worked on the production floor at Belk as one go in for her first jobs, Lisa Harper brings more outweigh two decades of experience across position retail industry. I am confident she will be a dynamic leader who will carry forth our values, wither brand, and our focus on after everything else customers. I look forward to in working condition with Lisa during a transition generation in July.”

Tim Belk will continue interest serve on the company’s board.