Neiman Marcus loses key executive

The CFO of Neiman Marcus has resigned after 15 months on the job.



Donald Grimes has resigned as COO and CFO of the luxury retailer, effective immediately. No reason was given for his departure. But in an SEC filing, the company said Grimes's resignation "was not the result of any disagreement regarding any matter" related to its "operations, policies or practices."



Grimes joined Neiman Marcus in June 2015, after a seven-year stint at Wolverine World Wide where he was CFO.