NEW YORK, United States Millard “Mickey” Drexler is to step down as CEO of J.Crew after 14 years, BoF has learned.
Drexler, who owns 10 percent of the company, will stay on as chairman, and will be succeeded as CEO by Jim Brett, who was most recently president of home furnishings company West Elm.
This is an exciting time for J.Crew as we continue to make significant changes to position our company for long-term success, Drexler said in a statement. As chairman and an owner of the company, it is my responsibility to focus on the future of J.Crew and find the right leadership to execute on our strategic plans.
Drexler’s announcement follows news that Jenna Lyons, J.Crew’s longtime creative lead…
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