Vince Holding Corp appoints David Stefko interim CEO


Vince Holding Corp, a global contemporary group, has announced that Brendan Hoffman, chief executive officer of the company and a member of board of directors, notified the board to resign from his positions, effective August 28, 2020. The board has appointed David Stefko, as interim chief executive officer until a permanent replacement is appointed.

 

The board will work with an executive search firm to advise on potential CEO candidates.

 

Stefko served as executive vice president, chief financial officer of the company since September 2015, and will continue to do so during this time. Prior to joining the company, Stefko served as group chief financial officer at Sun Capital since September 2011. Stefko has over 30 years of senior finance and executive management experience.

 

“We are grateful to Hoffman’s leadership in developing and executing a strategic plan that enabled the Vince brand to regain its market leadership position within the fashion luxury space. During his tenure, he established a highly talented and experienced executive team that has been instrumental in positioning the brand for long term sustainable growth. We are equally excited about the opportunity to duplicate the Vince brand playbook for Rebecca Taylor. On behalf of our board of directors, we are highly confident in Dave and the team’s ability to continue to successfully lead this business through the pandemic and into the future,” Marc Leder, chairman of the board, said in a press release.

 

“Working closely with Hoffman over the past five years, I am extremely proud of what we have accomplished as a team. We have laid a strong foundation for long term growth for the Vince brand and developed a similar turnaround strategy for Rebecca Taylor. I am excited about the opportunities that lie ahead for our organisation and to be working with a group of such highly talented and passionate individuals as we continue to pave our way forward for the company,” Stefko said.

Fibre2Fashion News Desk (JL)

Vince Holding Corp, a global contemporary group, has announced that Brendan Hoffman, chief executive officer of the company and a member of board of directors, notified the board to resign from his positions, effective August 28, 2020. The board has appointed David Stefko, as interim chief executive officer until a permanent replacement is appointed.





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