LOS ANGELES, July 14, 2015 /PRNewswire/ -- Paul Marciano,
Co-Founder and Chief Executive Officer of Guess?, Inc. (NYSE: GES),
announced today that Victor Herrero
will be his successor and new CEO of Guess?, Inc. in
August 2015. Paul Marciano will
replace Maurice Marciano as
Executive Chairman of the Board and will continue serving as
Chief Creative Officer. Maurice
Marciano will remain a director, and has been named Chairman
Emeritus by the Board of Directors.
Victor Herrero joins Guess? with
over twenty years of global experience spanning Europe and Asia. Victor served as the head of
Asia Pacific for Inditex Group,
the world's largest fashion retailer with brands including Zara,
Massimo Dutti, Pull & Bear, Bershka, and Stradivarius. In the
past 10 years, Victor was responsible for building Inditex's
multi-billion dollar business in Asia.
Victor has been with Inditex for the past twelve years after he
started his career with them in Europe. Prior to Inditex, Victor was a
management consultant working for Arthur Andersen in Asia. Victor has an MBA from the Kellogg
School of Management at Northwestern
University in Evanston
Illinois. He also earned a Bachelor's Degree in Business
Administration from ESCP in Paris,
France and has a Bachelor's of Law Degree from the
University of Zaragoza in Spain.
Paul Marciano commented, "Maurice
and I have been working with the Board for over a year now to
select the right candidate to be my successor as Chief Executive
Officer of Guess?. The most important criteria in our view are
the understanding of our brand, which will celebrate its 35th
anniversary next year, the complexity of our business being in over
90 countries with more than 25 categories of products, and having a
deep understanding of the changing environment of the retail world.
We believe that Victor is the perfect top executive because,
in addition to his entrepreneurial spirit, he has unparalleled
experience in building a large business in Asia, he has a deep understanding of the
current world of retail, and he is extremely knowledgeable in best
in class sourcing and supply chain."
Victor Herrero commented, "I am
excited at the opportunity to work with Paul, Maurice, and the team
at Guess? who are at the forefront of more than 90 markets
worldwide. It's a pivotal time for Guess?, and I look forward to
joining a group that is poised to continue as an innovative leader
in the fashion industry. I am particularly thrilled to have the
opportunity to use my background and to contribute my skills in
order to unlock a tremendous amount of value for our
shareholders."
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 May 2, 2015, the Company directly
operated 470 retail stores in the United
States and Canada and 361
retail stores in Europe,
Asia and Latin America. The
Company's licensees and distributors operated an additional 836
retail stores outside of the United
States and Canada. For more
information about the Company, please visit www.guess.com.
Contact:
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Guess?,
Inc.
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Fabrice
Benarouche
|
|
VP, Finance and
Investor Relations
|
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(213)
765-5578
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SOURCE Guess?, Inc.