Pursuits
Ralph Lauren CEO Shakes Up Management in Growth Push
- Multiple executives will be leaving company around mid-May
- Hermann promoted to newly expanded brand president role
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Ralph Lauren Corp. Chief Executive Officer Stefan Larsson, who took the helm in November, is shaking up management ranks amid efforts to restore growth to the preppy-apparel company.
As part of the changes, Valerie Hermann will be promoted to the expanded role of global brand president for luxury, women’s collections and accessories, according to a memo obtained by Bloomberg. Multiple executives also will be leaving Ralph Lauren around mid-May as Larsson puts his imprint on the business.