Style

BREAKING: Ralph Lauren Is Stepping Down As CEO Of His Company

September 29, 2015 by Ella Cajayon
shefinds | Style

We never thought we would see the day!

The luxury apparel retailer Ralph Lauren Corp announced this evening that their founder, Ralph Lauren, will step down as chief executive officer. The former H&M executive and president of Old Navy (Gap’s down-market brand), Stefan Larsson, will be filling in the CEO position. Larsson is credited for his work on reviving Gap’s market.

This is scheduled to go into effect this November. Lauren will still play a role in the company as executive chairman and chief creative officer.

And don’t forget to check out: This IOS 9 Setting Is Most Likely Eating All Your Cellular Data, Mariah Carey And MAC Are Collaborating For A Holiday Collection, and 9 Really Rich Celebrities Who Dress Like They Don’t Have Money.

[Photo: Splash News]

 

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