It’s been a busy week for retailers!
Tom and Ruth Chapman have stepped down as joint Chief Executives after 27 years! The current Chief Operating Officer, Ulric Jerome, will take over as Chief Executive, whilst the Chapmans will become joint Executive Chairmen.
Victor Herrero was named the new Chief Executive Officer, taking over from Paul Marciano in August. Marciano, one of four brothers who founded Guess in 1981, will replace his brother Maurice as Executive Chairman, whilst Maurice remains a Director.
Jill Granoff has resigned from her role as Chief Executive Officer, though will remain as CEO throughout the transition to a new leader. Vice President and Chief Creative Officer Karin Gregersen will also be leaving. From the 20th July, Livia Lee will be the new Senior Vice President of Merchandising.
Chief Executive Officer Glenn McMahon is resigning on July 31st after a 7-month tenure. Jörg Wahers, the Chief Operating officer, will be interim Chief Executive whilst they search for a replacement.
Chief Marketing Officer Fabio D’Angelantonio is leaving, 12 months after Chief Executive Andrea Guerra’s departure.