Retail News

Ralph Lauren CEO leaving company after dispute on turnaround

CNBC 02/02/2017

Stefan Larsson, who achieved success at Old Navy and H&M, will step down as chief executive of Ralph Lauren on May 1. He will be replaced by CFO Jane Nielsen on an interim basis. Mr. Larsson’s departure comes after he and founder Ralph Lauren failed to agree on a plan to turn the business around. Shares of the company fell more than 10 percent on the news.

 

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