J Crew's CEO steps down after a short run - Lebanon news - أخبار لبنان

J Crew’s CEO steps down after a short run

J Crew’s CEO steps down after a short run

(CNN)J Crew’s CEO is stepping down less than two years into the job, a sign of turmoil as the retailer heads into the holiday shopping stretch.

In a surprise announcement Saturday, the company said that Jim Brett was leaving because of a disagreement with the board of directors over how to “evolve” J Crew. Four senior executives will share CEO responsibilities.
Brett took over last July from veteran chief executive Mickey Drexler, who led the company for 14 years after a stint at Gap. Drexler helped position J Crew as a top clothing brand known for its quality and preppy aesthetic before a years-long sales slump.

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