Alexander Wang has announced he will be stepping down as the CEO of his namesake brand, appointing former Goop and Martha Stewart Omnimedia head Lisa Gersh to the position effective immediately.
Wang has also created a new role — chief strategy officer — which will be filled by former chief marketing officer of Farfetch Stephanie Horton.
Wang will remain creative director and chairman of Alexander Wang’s board of directors.
In a statement, Wang said: “The appointment of CEO, and the addition of a CSO position, highlight our ongoing strategy of productivity and diversification.
“In a rapidly changing retail environment, it’s necessary for us to continually challenge the status quo. 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.”
