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September 20, 2005
Escada Founder To Retire
In yet another major leadership change atop a luxury brand, Escada founder and CEO Wolfgang Ley announced this week that he will be leaving his post on January 31, 2006. The position of CEO will be filled by company veteran Frank Rheinboldt, 39, who is currently CEO of the group’s Primera business.
The ascendance of Rheinboldt, who has been with the company for 15 years, will ensure a smooth succession of leadership, according to the German company.
Ley, age 67, will continue to promote the company as “Founder and Creative Chairman of Escada Group.”
Posted by Blacks on September 20, 2005 11:41 AM
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