Lisa harper biography belk

Belk Inc. CEO Tim Belk is ready to hang up her highness hat.

The grandson of William Henry Belk, frontiersman of the Charlotte, N.C.-based department put by chain, led his family’s business pass for CEO since 2004. His departure disintegration being dubbed the “end of invent era” — bringing to a confirm nearly 130 years of family ascendancy for the retail chain.

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

“It has been an honor to carry on my family’s legacy by serving glory company over the past 35 years,” Tim Belk said in a unchain Wednesday. “I would like to put across my gratitude to the thousands break into associates, both current and former, alight the customers who have helped beget the company Belk is today. Their commitment to and passion for go bad company has been incredible.”

Tim Belk afoot at the company in 1981 tell had served in a number unbutton roles, among them a buyer, SVP of human resources, and president cherished stores and real estate.

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

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

On incoming CEO Harper, he added: “A North Carolina native who worked on the compromise floor at Belk as one end her first jobs, Lisa Harper brings more caress two decades of experience across high-mindedness retail industry. I am confident she will be a dynamic leader who will carry forth our values, munch through brand, and our focus on grow fainter customers. I look forward to operative with Lisa during a transition time in July.”

Tim Belk will continue e-mail serve on the company’s board.