Ads
Published
Nov 6, 2012
Download
Download the article
Print
Text size

Guess management shake-up

Published
Nov 6, 2012

Heads are rolling at Guess this fall. After the company replaced Luca Donnini with Gilles Bariguian to run its EMEA region, the group announced another two new departures.

Maurice and Paul Marciano (photo: DR)

COO J. Prince Michael and CFO Dennis Secor have officially tendered their resignations to Paul Marciano, CEO of the group.

It seems that the two managers are paying for Guess's most recent bad financial results. Last quarter the group reported operating profit down 41% to $ 96 million for net sales of 1.214 billion dollars (966 million euros), a drop of 4%.

Dennis Secor will leave the company on December 7. Nigel Kershaw, vice president of finance, accounting and treasurer, will take over his post in the interim until a successor is named. J. Michael Prince came to Guess from Nike in November 2010 and will leave on November 26. His duties will be distributed among different posts. Michael Relich, executive vice president and chief information officer, will take over responsibilities for logistics.

Copyright © 2024 FashionNetwork.com All rights reserved.