New York, United States – The Impression compiles the most important professional moves of the week.
BRANDS & RETAILERS
Marvin Ellison, previously Home Depot’s Executive Vice President of Stores, will become the next President and Chief Executive Officer of J.C.Penny’s. Beginning November 1, Ellison will gradually replace the current CEO Mike Ullman, with the official hand off on August 1, 2015. Ellison is credited for successfully redesigning and remodeling Home Depot’s stores for easier customer navigation. In response to his strategy, sales increased and the stock price tripled over the past four years.
Leonardo Del Vecchio, the founder and Chairman of the Italian Eyewear company, Luxottica Group SpA, will become the interim Chief Executive after CEO Enrico Cavatorta resigned six weeks into the role. Luxottica is the eyewear licensee for Chanel and Giorgio Armani and owns popular eyewear brands, Ray-Ban and Oakley. Del Vecchio plans to offer Massimo Vian the role of Co-CEO for operations and products.
Fran Horowitz, previously President of Ann Taylor Loft, a division of Ann Inc., was appointed by Abercrombie & Fitch as the President of its Hollister brand. Horowitz will report to Chief Executive, Mike Jeffries. In June, Abercrombie & Fitch named Christos Angelidas the President of its A&F and A&F Kids brands. Both Horowitz and Angelidas are expected to start their new roles later this month.
Blue Farrier, Creative Director of the London-based label Issa, has left the company. Issa entered into the spotlight when Kate Middleton, the Duchess of Cambridge, famously wore a blue Issa wrap dress for her engagement announcement. This exposure helped the brand expand globally. The brand confirmed that it would continue to show at London Fashion Week designed by the in-house team. There is no immediate replacement for Farrier who was appointed at Issa in 2013. Farrier previously worked with Stella McCartney, Anya Hindmarch, and Chloé.
Bob McKnight, Cofounder and Executive Chairman of Quiksilver Inc. will retire from his role as chairman. McKnight, 60, is one of the initial players of the West Coast surf and skate market with Quiksilver, Roxy, and DC Brands. McKnight will remain as director of the company and will be succeeded by Andy Mooney. Pierre Agnes will succeed Mooney as the President of Quiksilver Inc., along with continuing as the head of European Operations and the Global Head of Apparel and Accessories.