Harald Fraszczak, the chief financial officer of German department store retailer Karstadt, has resigned, the company confirmed today (15 November).

The retailer is in the midst of a strategic restructuring to try to turnaround its business, and plans to cut 2,000 jobs by the end of 2014.

In August it also made a number of appointments in its fashion and merchandising department. Jane Munro-Hall was named the new head of women's fashion, while Simone Heift was appointed fashion director.

Deborah Klein was hired as head of women's accessories, lingerie, shoes and stockings and Andre Mannebach was named head merchandise planning.