BHS owner appoints Aidan Treacy as chief financial officer

Treacy is a former finance director of dairy business Unigate, the Independent reported.

Treacy told the newspaper: “Joining the already strong entrepreneurial team at Retail Acquisitions, and working with the fantastic retailers leading BHS in its turnaround plan, is the most exciting opportunity in the UK for a turnaround specialist like me.”

He said that BHS’s leadership team was “determined to renew this iconic high street brand”.

Retail Acquisitions acquired BHS from Sir Philip Green this year.

Treacy was formerly an associate director at advisory firm Essendon Group and qualified as a chartered accountant with Coopers & Lybrand.

He refers on his LinkedIn profile to “cash management, effective management information, mergers and acquisitions, team building and accountability” among his fields of expertise.

BHS’s top team, led by chief executive Darren Topp, is engaged on a variety of initiatives in an attempt to turn around the famous retail name, which had struggled for several years.

The retailer is for instance rolling out a food offer and hopes to renegotiate rents and sublet space in some locations.

Retail Week revealed this week that House of Fraser brand marketing director Tony Holdway is to join BHS, where he will have a seat on the board.