and the opportunities this is likely to present, we are very supportive of Richard’s desire to establish a business focused on his retail sector expertise,” said managing director Trevor Loewensohn. We plan to partner with Richard and his team on future such investments on a case-by-case basis.” Meanwhile, Alceon has reshuffled its leadership decks, promoting David Wilshire and Zachary Midalia as joint leads for its private equity business. The group, which oversees a portfolio of about $200 million in investments, will scale up its private equity business significantly as part of its overall growth strategy. “We are fortunate to have David, who is one of the original Alceon shareholders and Zac, who joined six months ago from Ruffy Geminder’s private investment vehicle Kin Group, to take over leadership of our PE business,” said Trevor Loewensohn, Alceon’s managing director. “They have been closely involved in driving the business to its current scale.” Ace Hardware names new president and GM Ace Hardware International has named David Goh as its new president and general manager, effective April 5. Goh, who is currently managing director of the Philippine-based retail chains Ministop convenience store, Southstar Drug and TGP (which are subsidiaries of Robinsons Retail Holdings, Inc), will succeed Jay Heubner, who will retire this March after 38 years with the company. Heuber will stay on over the coming weeks to ensure a smooth transition. “Jay is one of the most effective, highest character, servant-hearted leaders I know,” said John Venhuizen, president and CEO of Ace Hardware. “His wise, encouraging influence has had a significant impact on the business and made Ace a better place.” Goh has held several leadership positions, including vice president at Singapore Airlines, CEO of 7-Eleven Singapore and CEO of Singapore grocery chain Cold Storage. “David has a remarkable track record of success in growing businesses and transforming the customer experience,” said Venhuizen. Goh and his family will be relocating from the Philippines to Singapore to be closer to Ace International’s highest growth regions. Hugo Boss welcomes new sales chief Oliver Timm, one of two former Tommy Hilfiger executives poached by Hugo Boss last year, began his role as chief sales officer this January.  Timm’s duties include delivering a premium shopping experience for the German fashion house’s customers across all retail operations as well as its wholesale and e-commerce businesses. Offering a best-in-class seamless omnichannel experience is among Timm’s top priorities. He will have a particular focus on applying a full mobile-first approach to the brand’s online store. “I am absolutely thrilled to be a part of Hugo Boss and tap the full potential of our brands in the years to come”, Timm said. “From now on, we will put the customer at the center of everything we do and think more than ever before about creating the best brand experiences. In doing so, we will inspire even more people with Boss and Hugo and drive long-term, sustainable growth for our company.” Daniel Grieder, the new Hugo Boss CEO, also came on board from Tommy Hilfiger.