LOS ANGELES--(BUSINESS WIRE)--Jan. 28, 2019--
Today, Guess?, Inc. (NYSE: GES) announced that Victor Herrero, Chief
Executive Officer and a Director, is leaving the company effective
February 2, 2019.
Maurice Marciano, Chairman of the Board, commented, “On behalf of the
Board of Directors, I want to thank Victor for his contributions during
his tenure and wish him well in his endeavors.”
Carlos Alberini, formerly the President and Chief Operating Officer of
the company from 2000 to 2010, has been appointed as the new CEO and a
Director of the company, effective upon his separation from his current
Mr. Alberini, after leaving the company, was Co-CEO of Restoration
Hardware until 2014, and a Director on the Board of Restoration Hardware
from 2010 until the present. From 2014 until the present, Mr. Alberini
has been the Chairman and CEO of Lucky Brand.
Maurice Marciano said, “I am very excited to have Carlos coming back as
CEO at GUESS?, Inc. He was instrumental in building the international
business in Europe and Asia during his 10-year tenure with the company.”
The company also announced that, at the request of the Board of
Directors, Paul Marciano has agreed to remain as Chief Creative Officer.
His employment will be “at will”.
During the transition, Maurice Marciano will be acting as interim Chief
Guess?, Inc. designs, markets, distributes and licenses a lifestyle
collection of contemporary apparel, denim, handbags, watches, footwear
and other related consumer products. Guess? products are distributed
through branded Guess? stores as well as better department and specialty
stores around the world. As of November 3, 2018, the Company directly
operated 1,108 retail stores in the Americas, Europe and Asia. The
Company’s licensees and distributors operated 584 additional retail
stores worldwide. As of November 3, 2018, the Company and its licensees
and distributors operated in approximately 100 countries worldwide. For
more information about the Company, please visit www.guess.com.
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Source: Guess?, Inc.
VP, Finance and Investor