(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.