Alexander Wang Takes Over As CEO And Chairman Of His Alexander Wang Inc.
Last fall, Alexander Wang left his creative director position at Balenciaga (see it here), opened his first European flagship store in London (see it here) and presented his Spring 2016 Collection at New York Fashion Week (see it here). It was also reported that Wang was close to closing a private investment deal for his namesake brand with General Atlantic, a company that already has a stakes in online retailers Gilt Groupe and Alibaba Group, as well as media startups Vox Media and BuzzFeed.
Wang doesn’t show any signs of slowing down. Effective immediately, the designer and founder of his namesake label will also take on the roles of CEO and chairman while remaining creative director of his 11-year old company, Alexander Wang Inc.
He succeeds his sister-in-law Aimee Wang and his mother Yin Wang, who held the positions of CEO and chairman, respectively, and with whom Alexander founded the company along with his brother, Dennis Wang. Both Aimee and Yin are stepping down, but will remain board members and shareholders.
Alexander‘s aunt Caroline Wang has been appointed executive vice chairman. Coming from IBM, she brings 30 years of experience in information technology.
Mary Wang, who shares the same last name as Wang, but she is not a relative, has been hired as executive vice president of the company. She the former president of the DKNY brand.
These new hires follow the departure of Rodrigo Bazan, who left his role as president of the company to join Thom Browne in May.
“I want to thank my family, Ying, and Aimie for their tireless efforts toward building the business we have today,” Alexander said in a statement. “The business side has always come naturally to me, and with my full-time return to New York, I want to focus on my brand’s strategic growth. Now is the right time to fully synchronize the creative and business aspects of the company and to continue strengthening the dialogue we have with our customers. It has always been my goal to create brand value, and to be a brand with integrity and purpose.”
Wang follows in the footsteps of men like Burberry‘s Christopher Bailey and Ralph Lauren, both of whom have held the business and creative reigns at their respective brands, though Ralph Lauren stepped down from his CEO role last year (see it here).
Photos Credit: Yannis Vlamos/Indigitalimages.com