Larsson’s plans to lay out his multiyear vision for the company at its first investor meeting in more than a decade in April. The details aren’t clear yet, but expect a lot of digital savvy to be baked into the plan. In the meantime, the CEO said the company is ready for any COVID-19 spikes having dealt with the ebb and flow of the pandemic in markets around the world. “We have a competitive strength with how quickly we move with the consumer when a resurgence happens,” Larsson said.
And after a long wait, Joshua Schulman joined Capri Holdings as CEO of its Michael Kors brand in August with plans to take the corporate CEO job from Idol next fall, adding overall responsibility for the“He is an outstanding leader with broad industry experience and a proven track record of successfully operating and growing global fashion luxury brands,” Idol said of Schulman, who previously led the Coach business.
If history is any guide, there will be more newbie CEOs logging in soon as January usually sees more turnover at the top than any other month, according to outplacement firm Challenger, Gray & Christmas. As of earlier this month, 1,231 CEOs at U.S.-based companies have left their posts in 2021, up 1.1 percent from a year earlier, the firm said. But that included a 31 percent drop in departures in November compared with October.
“The labor market is tightening despite the millions still out of work, and companies are continually plagued by difficulties hiring and retaining talent,” said Andrew Challenger, senior vice president of the firm. “The slowdown [in CEO departures in November] suggests companies are being cautious on news of a new variant, inflation concerns, and potential political tensions overseas.”