Guess? (GES) CEO Victor Herrero to leave the company effective February 2

Los Angeles-based Guess (NYSE: GES) said Chief Executive Victor Herrero is leaving the company and will be replaced by Lucky Brand Chairman and CEO Carlos Alberini. Guess didn’t give a reason for Herrero’s departure.

• Alberini will assume the Guess CEO role after he leaves Lucky Brand, where he has been chairman and CEO since 2014.
• Alberini is returning to Guess, where he was president and chief operating officer from 2000 to 2010. After leaving Guess, Alberini became co-CEO of Restoration Hardware until 2014, and a board member of Restoration Hardware from 2010 until the present.
• In addition, Guess said Paul Marciano, the company's co-founder, will remain as chief creative officer, on an "at will" basis. 

 

Guess Inc. co-founder Paul Marciano is staying on as chief creative officer

Paul Marciano resigned as executive chairman last year after an internal investigation into claims of sexual assault and harassment. The month-long investigation began after model Kate Upton accused Marciano on Instagram of sexual and emotional harassment. He was replaced last June by his brother Maurice.

Víctor Herrero has a degree in Law from the University of Zaragoza and a degree in Business Administration from the prestigious Parisian business school  ESCP Europe. Herrero also has an MBA from the  Kellogg School of Management at Northwestern University in Illinois (USA).

As of November 2018, the Guess directly operated 1,108 retail stores in the Americas, Europe and Asia. The company’s licensees and distributors operated 584 additional retail stores in roughly 100 countries.