Power Moves | Coach’s New CEO, Executive Departures at Estée Lauder and Stitch Fix | Power Moves, News & Analysis


Todd Kahn appointed Coach CEO. Kahn, who has held the chief executive role on an interim basis since July 2020, has been permanently moved into the position, effective immediately, the company announced Thursday. He will report to Joanne Crevoiserat, chief executive officer of Coach parent Tapestry, Inc.

Stitch Fix’s founder Katrina Lake is leaving the CEO post. The fashion subscription platform’s current president, Elizabeth Spaulding, will assume the role of chief executive effective August 1. Lake, who launched the company a decade ago, will remain at Stitch Fix as executive chairperson where she will focus on the company’s social impact efforts. During her tenure as CEO, she grew the startup into a $1.7 billion business with nearly 4 million active clients, according to the company.

Estée Lauder’s global communications EVP Alexandra Trower is retiring. Trower’s retirement comes after 13 years leading global communications across regions for the makeup giant, and will be effective July 1. Trower also serves as a board member of The Estée Lauder Companies’ Charitable Foundation, is a founding member of the company’s Diversity Council and the first executive co-sponsor of Welcome, the company’s LGBTQA employee resource group. A successor has yet to be announced.

Valentino taps new greater China CEO. The Italian luxury house has named Mitchell Bacha its chief executive for Greater China, according to a statement. Before joining Valentino, Bacha was chief executive of Diesel Asia Pacific, and prior to that, Celine China’s managing director.

Almost half of Shopify’s top execs to depart company. Three of the e-commerce platform’s seven top executives will be leaving the company in the coming months, Tobi Lütke, Shopify’s chief executive and founder said in a blog post on Wednesday.

Anthropologie names Tricia Smith global CEO. Smith joins the brand from clothing retailer Tilly’s, where she served as chief merchandising officer from 2019. Before that, Smith spent over 26 years in merchandising roles at Nordstrom. She succeeds Hillary Super, whose last day at the company was April 9.

Yi Yangqianxi named a global ambassador for Tiffany & Co. The young star, best known as a member of boy band TF Boys, has been a regional ambassador in China for the jewellery brand since last June. Just last week he was also appointed global make-up and skin care ambassador for Armani Beauty.



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