Arnotts has appointed Ray Hernan as its new chief operating officer.
Mr Hernan joins Arnotts from Selfridges where he was director of finance. He had responsibility for the Selfridges department store chain in the UK and Brown Thomas in Ireland.
Previously, he was chief financial officer at Brown Thomas, and prior to that he was director of finance at Ryanair.
Earlier this month, leading retail specialist and CEO of private equity firm Palladin Capital Group, Mark Schwartz, was confirmed as chairman of the board at Arnotts.
The appointment came after the EU approved a move by Anglo Irish Bank and Ulster Bank to take control of the company. The department store is struggling with debts of €300m.
Richard Nesbitt, who has been chairman since 2002, will stay on the board as a non-executive director, but two other non-executive directors, Keith Edelman and Michael Nesbitt, have resigned.
Another Palladin executive, Tobias Nanda, also joins the board, along with banking and financial law specialist Stephen Haughey. Mr Haughey is a former chairman of A&L Goodbody Solicitors.
