Hilco Merchant Resources announced that interim CEO Raymundo Armendariz has been permanently appointed as Chief Executive Officer and Katie Feodoroff has been promoted to Senior Vice President and General Merchandise Manager of Hilco Wholesale Solutions (HWS) effective immediately. Mr. Armendariz has done a superb job as HWS interim CEO and COO and will fully shift into the CEO role. Ms. Feodoroff will expand her duties and responsibilities as she transitions into the role of SVP and GMM of HWS.
As CEO of Hilco Wholesale Solutions, Mr. Armendariz is responsible for the daily management and growth of the wholesale consumer inventory practice, further enabling HMR to provide retailers, consumer products manufacturers and their advisors with a single source omni solution for all inventory disposition requirements. Mr. Armendariz will work closely with the retail team to optimize special inventory situations and build new revenue streams by leveraging his extensive years of experience with the company and in the sector at large.
Having spent the past two decades with Hilco Global in various capacities, Mr. Armendariz has successfully managed numerous transactions during his tenure with the organization. Mr. Armendariz has very substantial retail operations experience, including over 12 years of service with Levitz Furniture.
Ben Nortman – CEO of Hilco Global Retail Group said, "Ray has done an outstanding job for us as COO and interim CEO of HWS. We're excited to appoint Ray as the CEO of HWS as his extensive retail operations experience, attention to detail, and overall commitment to exceed expectations makes him the perfect leader of the HWS team as it continues its strategic growth into 2022 and beyond."
In her new role, Ms. Feodoroff is tasked with identifying trends and business opportunities, assessing value, and negotiating deals to drive strategic growth. Ms. Feodoroff is an expert in the off-price business model, having 20 years of experience as a buyer, planner, seller, and manufacturer. She has held several roles of increasing responsibility both as a consultant to manufacturers and retailers as well as a buyer for TJ Maxx.
"Katie's skill at working with companies to develop and execute a multi-tiered retail strategy, coupled with her work ethic and leadership have all led to this much deserved promotion," said Mr. Nortman. He continues, "Both Ray and Katie are such invaluable members and pivotal to the strategic growth of HWS."