Gundersen out, Suhl in as luxury retailer END. names new CEO
Luxury British retailer END. on Thursday announced a leadership transition with Sebastian Suhl named as its new CEO as its current chief exec exits.
The company, which sells a variety of high-end designer labels but focuses mainly on streetwear and lifestyle pieces, said Suhl will be joining the business this summer.
He's a fashion industry veteran and has spent the past 25 years 'developing Direct to Consumer businesses on a global scale at Prada, Givenchy, Marc Jacobs, Valentino and other brands'.
It's a big strategic move for the firm and it said it 'helps position the company for its next chapter focused on sustainable growth and continued innovation within a dynamic, rapidly evolving retail landscape'.
The appointment follows a 'comprehensive global search' and has been 'unanimously approved' by END.'s board.
And what about current CEO Parker Gundersen? The statement said he's stepped down as of 1 May with CFO Karen Dracou assuming the role of interim CEO 'to ensure operational stability and maintain momentum across the company's strategic initiatives'.
Chairman Martin Brok said Suhl 'brings exceptional leadership, a strong strategic vision, and a deep understanding of our industry. We would also like to sincerely thank Parker for his contributions and leadership during his tenure, and we wish him the very best in his future endeavours'.
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