NEW YORK-Marvin Traub Associates has named Stephen Sadove, former Saks chairman and CEO, to introduce the Traub Accelerator, a new division targeted to grow innovative technologies, concepts and platforms in the retail and consumer industries.
In his new role, Sadove will serve as co-founder and head of Traub Accelerator, and will act as advisor to Traub’s full range of clients. He will also join the Traub board of directors.
Mortimer Singer, Traub’s CEO, said Sadove’s “passion for innovation and technology in our industry aligns with our mission of helping cutting-edge companies develop and grow fresh ideas to reach their full potential. As technology continues to transform the way consumers shop, powerful results occur when innovative ideas connect with industry expertise and insight.”
Sadove led Saks from 2006 to 2013, when it was acquired by Hudson’s Bay Co. His career also includes serving as president of Clairol and president of worldwide beauty care and nutritionals at Bristol-Myers Squibb. He is currently chairman of the National Retail Federation and a board member of Colgate-Palmolive, J.C. Penney, Aramark and Ruby Tuesday.