Iconic American engineer Ralph Lauren has only announced that he will step down from his post as arch executive officer of a conform sovereignty he built 50 years ago. Stefan Larsson, who has been tellurian boss of Old Navy for 3 years, will take his place. Lauren will sojourn arch artistic officer and executive authority pushing a prophesy and plan of a New York-based association while Larsson stairs into a CEO position.
This pierce does not, however, prove Lauren’s retirement. The engineer told Women’s Wear Daily “this is critical to say: There is no toe in a water. we adore what I’m doing, we adore a association … we won’t be entrance dual days a week.”
As for his successor, Larsson has over a final 3 years been means to assistance a business of Gap’s lower-price sequence Old Navy to a clever turnaround. Prior to Old Navy, he spent 15 years with HM during a time that a company’s annual income exploded from $3 billion to $17 billion. He positively has a lane record for success.
“My pursuit is to consider always about a destiny of the association and how to pierce it forward,” Lauren pronounced in a matter Tuesday. “Stefan Larsson is unusually talented, and he will move the association a uninformed and sparkling tellurian perspective.”
Click by next to see Ralph Lauren’s many new collection debuted during New York Fashion Week: