Former German Arcandor CEO Gets Three-year Jail Term
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Thomas Middelhoff, the former chief executive of defunct German retail group Arcandor, was sentenced by a German court on Friday to three years in prison for breach of fiduciary trust and tax evasion. Arcandor, the department store and mail order company which until 2007 carried the name KarstadtQuelle, went bust in June 2009, only months after Middelhoff was replaced as chief executive. Prosecutors had sought a jail sentence of three years and three months while Middelhoff's lawyers had urged the court in the western city of Essen to impose no jail time at all.
Led Digital Marketing Efforts of Top 500 e-Retailers.
Worked with Top Brands at Leading Agencies.
Successfully Managed Over $50 million in Digital Ad Spend.
Developed Strategies and Processes that Enabled Brands to Grow During an Economic Downturn.
Taught Advanced Internet Marketing Strategies at the graduate level.
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