Vince announces resignations and management reorganization
Vince Holding Corp. on Tuesday announced that its CEO, Jill Granoff, and its President and Chief Creative Officer, Karin Gregersen, have resigned from the company. Ms. Granoff, who advised the Board of her decision in advance, will remain CEO through a transition period to ensure an orderly and effective leadership transition.
"Jill has been a tremendous steward for the Vince brand for the last three years," said Leder. "She has shown great leadership during her tenure and her commitment to seeing us through this orderly transition speaks volumes about her professionalism."
Granoff added: "While this is a bittersweet decision for me, it is the right time for me to pass the reigns to the next leader."
The company also announced, as part of its reorganization, that it has appointed Livia Lee as the new Senior Vice President of Merchandising. Lee will lead Vince’s reorganized merchandise strategy beginning on July 20th.
Lee has extensive experience in retail and wholesale distribution with women’s and men’s apparel in the US and international markets. Lee gained this experience having served at numerous companies including Lacoste, Diesel, Ralph Lauren, Victoria’s Secret and Gap.
Lee will report to Granoff in the interim and then her successor once appointed.
The Company's Board of Directors plans to work with an executive search firm to find potential CEO candidates to replace Granoff.
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