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]

 

Author:

From Our Partners

Learn more about RevenueStripe...

From Our Partners

Learn more about RevenueStripe...

Fashion

Order This $26 Blouse In Every Color ASAP--It's *That* Good

If there's one thing I love as an apartment-...

Fashion

Don't Let Summer Pass By Without Buying One Of These 5 Denim Dresses

The only denim you'll catch our editors wearing this ...

Fashion

These Are The 6 Essential Dresses *Every* Woman Should Own

The key to effortless style, no matter the season? Stocking ...

Fashion

Every Woman Should Own This $35 Midi Dress--It Makes You Look *So* Good

I'm a firm believer in self-love and -confidence ...

Fashion

Drop What You're Doing! Nordstrom Has Outdoor Voices Leggings On Sale For 50% Off Right Now

Nordstrom's Anniversary sale may be starting later this week, ...

Fashion

This Is The Lightweight, Hands-Free Bag Every Woman Should Be Carrying This Summer

Remember when crossbody bags blew up a few years back? ...

Fashion

7 Linen Pieces You'll Want To Live In All Season Long

When the forecast is 90 degrees+, the last thing you ...

Fashion

Psst! You *Need* This $20 Nordstrom Top In Your Summer Wardrobe

It's not every day that you can get clothing ...

LOAD MORE
+
LOAD MORE POSTS