Guess Plunges as It Names CEO, Keeps Paul Marciano as Creative Head

Guess? Inc. co-founder Paul Marciano, who resigned as chairman of the apparel company last year amid a sexual-harassment probe, will stay on as chief creative officer after all.

Marciano was supposed to step down from that role this month, while retaining a seat on the board. Guess didn’t immediately return a request for comment on the change of plans.