He’s not stepping down – he’s stepping up. That’s how Ralph Lauren reassured his employees in his open letter after he vacated his position as the company’s CEO. Lauren will still be part of the company as executive chairman and chief creative officer, while Stefan Larsson of H&M and Old Navy fame takes over as CEO. Larsson is predicted to turn around the company’s stagnant earnings in the years to come.
Read Ralph Lauren’s open letter below:
