J. Crew CEO Jim Brett to step down after a short tenure, replaced by four exec
Jim Brett, who has led the company since June 2017, has now departed from his position. The company is now controlled by a group of three executives.
J. Crew loses its key executive. Jim Brett, until now CEO of the United States group, has left the company. The group, which for the last years has been through a complicated process of restructuration, has explained that his departure is produced for not reaching the predicted targets.
Jim Brett, who has led the company since June 2017, will be temporarily substituted by four of the company’s executives: Michael Nicholson, chief operating officer; Adam Brotman, chief experience officer; Lynda Markoe, chief administrative officer, and Libby Wadle, Madewell’s president.
J. Crew continues thus reshaping its team. Last June, the company signed Johanna Uuraskarvi, a former executive from Anthropologie, as design director. The company has carried out during the last years a restructuration process of its sales network, which entailed the closure of fifty stores in the local market.
The 30th of May 2018, the company operated with 228 stores owned by J. Crew, 121 property of Madewell and 175 outlets, besides having their own e-commerce platforms. This year, J. Crew will relocate its offices in New York which will be situated in Livery Street number 225, in Manhattan.
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