BERLIN — In another management change at Hugo Boss, chief financial officer Joachim Reinhardt is leaving the company because of disagreements with the company’s blueprint for growth.
This story first appeared in the July 17, 2008 issue of WWD. Subscribe Today.
In addition, Hellmut Albrecht has been elected chairman of the supervisory board.
Reinhardt, a member of the Hugo Boss management board since 2006, was responsible for finance, human resources and legal affairs. The company said he is departing because of “differences of opinion regarding the implementation of the company’s growth strategy.”
Reinhardt is the third member of the Boss board to exit recently because of strategic disputes with its new owner, private equity firm Permira, which gained control of Hugo Boss last year after taking over the Valentino Fashion Group. Chief executive officer Bruno Sälzer and Werner Lackas, board member in charge of purchasing, production and logistics, left the Metzingen, Germany-based group last winter. Both have recently joined Escada in the same positions.
Albrecht, an independent international corporate consultant, was elected to replace Giuseppe Vita, who resigned on June 30.