Yumusaklar Replaces Eagle at F. Schumacher & Co.
May 4, 2015
NEW YORK--Timur Yumusaklar has been named President and CEO of F. Schumacher & Company.
Yumusaklar reports to Gerald Puschel, Schumacher Chairman who retired from the CEO post in 2010.
The German borne Yumusaklar was previously CEO of Zalando, an online shopping destination said to offer over 1.500 brands of fashion and shoe items to over 14 million customers. F&FI speculates that Yumusaklar was hired to get Schumacher further along the learning curve in online marketing and sales. (Note Kravet’s efforts on page 1 in this arena)
He replaces Terri Eagle in February who left Schumacher after five years in the same position. This is the third time in 35 years that a non-family member has held this position.
Prior to Zalando Yumusaklar was a consultant with the Boston Consulting Group and a graduate of Columbia Business School, New York.
Like his predecessor, former jewelry executive Terri Eagle, he has no experience in the textile or fabric jobbing business.
F. Schumacher & Co. began life in 1889 by French ex-patriot Frederic Schumacher.