Power Moves | Marc Jacobs Names CEO, Carfrae Joins Ralph Lauren

BoF compiles the most important professional moves of the week.

Sebastian Suhl, the newly appointed CEO at Marc Jacobs | Source: Courtesy

LONDON, United Kingdom – BoF compiles the most important professional moves of the week.

Marc Jacobs Appoints New CEO
French luxury conglomerate and Marc Jacobs parent company LVMH has appointed Sebastian Suhl as the American fashion label’s new CEO. Suhl, who is currently CEO at Givenchy, another label in the LVMH stable, will begin his new role this September. He succeeds Bertrand Stalla-Bourdillon, who has held the position since 2006. Stalla-Bourdillon will remain at LVMH and will be assigned to another brand. Pierre-Yves Roussel, chairman and CEO of the LVMH Fashion Group, as well as chairman at Marc Jacobs, said that Suhl would help initiate a number of new projects at the label, including expanding the brand in the US and renewing its accessories line. He also added that Suhl could help the label prepare for a future IPO. Suhl first joined the French luxury group in 2012, after 11 years at Prada Group, whose IPO debuted on the Hong Kong stock exchange in 2011. LVMH has also tapped Philippe Fortunato to take over the helm at Givenchy.

Wickstrom To Lead Sotheby’s International Jewellery & Watches
New York-based multinational auction house and broker Sotheby’s has named longtime executive Daryl Wickstrom as managing director of Sotheby’s international Jewellery and Watches divisions. In this newly created role, Wickstrom will work closely with the three jewellery chairmen: David Bennett, Lisa Hubbard and Quek Chin Yeow, as well as Tim Bourne, worldwide head of Watches, and Patti Wong, chairman of Sotheby’s Diamonds. His responsibilities include formulating and executing a strategy to expand activity and grow sales in these areas, which have been seen record sales in recent years. Wickstrom joined Sotheby’s in 1996 and has held various executive roles. Most recently, he served as executive vice president and deputy chairman of Asia, and was instrumental in developing Sotheby’s expansion in China.

Carfrae Joins Ralph Lauren
Ralph Lauren Corp. has named Malcolm Carfrae as their global head of communications, public relations and media at Ralph Lauren, effective July 29. Carfrae has spent over 11 years at Calvin Klein Inc., where he rose to the position of executive vice president and chief communications officer. Previously, he was senior director at Bryan Morel PR in London. At Ralph Lauren, Carfrae’s role will cover areas such as global public relations, corporate and internal communications, and celebrity relations; he will also play a part in global media planning. Carfae will succeed Winnie Lerner, who remains at the company in an undisclosed role.

Escada Taps Croncota As Chief Marketing Officer
Stephen Croncota will be joining international luxury fashion group Escada as chief marketing officer, a newly created role, effective July 21. Croncota will oversee all aspects of marketing and public relations, including advertising, promotion, trade marketing, licensing and e-commerce. Previously, Croncota was chief marketing officer at Versace in Milan, and Haggar in the United States. He has also worked in media and entertainment, having served as head of marketing at E! Entertainment Television and Game Show Network. Escada chairman Megha Mittal commented that Croncota’s experience in the creative industries will “further enhance and focus our efforts to engage with our customer in exciting ways both online and off-line.”

Monique Péan Names Global Sales Director
Jewellery designer Monique Péan has hired Katelyn Buckley Colas as global sales director. Buckley Colas was previously director of sales for the Americas at Balenciaga. Her appointment at Monique Péan follows the launch of the brand in three new stores – Dover Street Market in London, Montaigne Market in Paris, and Alara Lagos in Nigeria. “Both Lagos and Paris are new markets for us, and with our upcoming launch in Dover Street Market London, we will be expanding our London presence,” said Péan.

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