By  on March 24, 2011

Millard “Mickey” Drexler, chairman and chief executive officer of J. Crew Group Inc., has a new contract that will keep him on the job until after his 70th birthday.

As part of the acquisition of J. Crew by TPG Capital and Leonard Green & Partners that closed on March 7, Drexler, 66, signed a new employment agreement that runs through the fourth anniversary of the acquisition in 2015. After that date, it is automatically renewed for one-year extensions without limit unless Drexler or the company provides notice of nonrenewal at least three months before its anniversary.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus