Changes in the fashion world is inevitable, especially when the fashion houses are making adjustments for the greater good. 15 months ago, fashion icon Alexander Wang took on the position of CEO of his namesake fashion line, Alexander Wang. However this past Monday, Wang announced that he’d be stepping down from the position, effective immediately.
Lisa Gersh, the former CEO of GOOP, Gwyneth Paltrow-founded lifestyle brand, will take on the role of CEO.
“I am honoured and excited by the opportunity to help Alex shape this remarkable company,” Gersh said in a statement. “The Alexander Wang brand has always represented style, innovation and an extraordinary standard of quality and excellence. I’m looking forward to working with Alex and the rest of the team to build on his foundation, and to continue to delight customers with our products and creative vision.”
Stephanie Horton has also been appointed as the newly created position as Chief strategy officer, formerly the Chief marketing officer of Farfetch.
“Pushing boundaries and extreme creativity has always been at the core of the Alexander Wang business,” Horton added to the statement. “I look forward to working with the team to expand these capabilities, as well as looking outside of traditional channels and spectrums, to develop new and innovative growth opportunities for the brand.”
Alexander Wang will remain creative director and chairman of the board of directors. Lisa Gersh will join the board along with former Condé Nast executive Tom Florio, and former News Corp and AOL executive Jonathan Miller. Wang took on the position of CEO in June 2016, after a three year period as the creative director of Balenciaga.
“In my year as CEO I’ve been able to reflect and assess the strengths and opportunities of the company and set the stage for future growth. Lisa and Stephanie’s diverse backgrounds in the media, lifestyle, and digital landscape will help us continue to position the business to expand into new categories and territories.“