Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

J Crew chairman resigns

Mickey Drexler is leaving his role as chairman of struggling US casualwear brand J Crew, after more than 15 years at the company. 

The retailer said its board of directors has elected Chad Leat to succeed Drexler with immediate effect. Leat, a former vice-chairman of global banking at Citigroup, has served as a director of J Crew since January 2017.

In 2017 Drexler said he would step down as chief executive to become chairman. He joined J Crew as CEO in 2003. 

The company added that Drexler will continue to serve as a strategic adviser to the office of the chief executive and the board. 

  • Find your perfect fashion retail role at Drapers online jobs fair, Your Fashion Future: Live! on 31 January. Register now

The news comes at a tricky time for the brand, which currently has no chief executive and is midway through a turnaround strategy after several years of flagging sales.

Drexler said in a statement: “It’s been a privilege to have had more than 15 years with J Crew Group both as CEO and chairman of the board. J Crew and [sister label] Madewell have been long admired as iconic American brands, and I am thankful to have been a part of their evolution throughout the years. I look forward to working with the office of the CEO and the board as a strategic adviser to help support J Crew’s long-term success.”

 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.