{"id":16356,"date":"2010-10-20T16:00:48","date_gmt":"2010-10-21T00:00:48","guid":{"rendered":"http:\/\/198.46.88.49\/?p=16356"},"modified":"2010-10-20T16:00:56","modified_gmt":"2010-10-21T00:00:56","slug":"zac-posens-mother-steps-down-as-ceo-of-zac-posen","status":"publish","type":"post","link":"http:\/\/198.46.88.49\/style\/fashion\/zac-posens-mother-steps-down-as-ceo-of-zac-posen","title":{"rendered":"Zac Posen’s Mother Steps Down as CEO of Zac Posen"},"content":{"rendered":"

$\"\"$ <\/a>Mom really does know best, and for designer Zac Posen’s mother, stepping down from her role as CEO of her son’s fashion line to “pursue other interests” is just that.<\/p>\n

\u00e2\u20ac\u0153It has been nearly 10 years since Zac, Alexandra and I founded Zac Posen,\u00e2\u20ac\u009d Susan Posen, who will continue to serve in her role as chair of the board, said yesterday by email. \u00e2\u20ac\u0153During that time I have had the privilege to work \u00e2\u20ac\u201d both within the company itself and in the larger fashion arena \u00e2\u20ac\u201d with an amazing group of people. The company is now poised for a new phase of growth, and I have decided it is time to step aside from my current role as acting CEO and pursue other interests.\u00e2\u20ac\u009d<\/p>\n

Susan Davidson, the CEO of Scoop NYC, a sister company of Ron Burkle’s, The Yucaipa Cos, will take over as CEO of the brand.<\/p>\n

The move comes on the heels of Yucaipa’s growing frustrations “with the lack of return on its Zac Posen investment and sought a change at the helm to steer the business in a new, more profitable direction.” Susan Posen said.<\/p>\n

She is however welcoming the change saying she is \u00e2\u20ac\u0153pleased to welcome Susan Davidson, who has joined us as CEO. She will now steward the Zac Posen and Z Spoke brands. I look forward to their success and growth.\u00e2\u20ac\u009d {Fashionologie<\/a>}<\/p>\n

The Posen label, despite having a stable amount of press, is reported to have yet not yet delivered on profits and the most recent showing of his more moderately priced Z Spoke line in Paris has received not-so-stellar reviews<\/a>. {NY Magazine<\/a>}<\/p>\n

Perhaps this change will be just what the label needs to boosts revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"