On Jan. 17, Hanover Direct named Edward Lambert executive vice president/chief financial officer. He succeeds Brian Harriss, who resigned. The changeover takes effect Jan. 28. During the next year Harriss plans to continue with Hanover in an advisory role, focusing on banking, legal, and restructuring matters.
Prior to joining Weehawken, NJ-based Hanover, Lambert worked with Hanover president/chairman Thomas Shull as cofounder/managing director of Meridian Ventures. Since the second half of 2001, Lambert has been advising Hanover on matters of strategic analysis and valuation related to potential asset dispositions. “He joins the company with an understanding of our strategic business realignment program and objectives,” Shull said in a statement.
Just last week, Shull was named chairman of the board, replacing Eloy Michotte, who along with fellow board member Alan Grieve resigned on Dec. 20. Hanover also appointed E. Pendleton James to the board to fill Grieve’s post.