NEW YORK — There has been a management shake-up at Escada USA Inc.
Lawrence DeParis, the U.S. chief executive officer, resigned from the German company’s U.S. division effective Aug. 31, and Christian Marques, chief financial officer, is leaving the company on Oct. 31.
“After 20 years with Escada, and another recent change in global leadership, we…decided this was the right time for a change and it gives me the opportunity to explore new professional challenges,” DeParis said.
Marques said, “My plans are to assist the new management team in making a successful transition to Escada. After that, I will be evaluating other options.”
Escada said it has tapped William H. Scott to be the company’s chief operating officer, a new post. Scott joined the company from Hugo Boss USA, where he was chief operating officer.
According to sources, the company is expected to name a new U.S. ceo soon, though it remained unclear whether the company was planning to also fill the cfo post.
DeParis had been a longtime member of Escada’s executive team, working closely with Wolfgang Ley, the former chairman and ceo of the parent company. DeParis joined Escada in 1986 and rose through the ranks to become executive vice president, cfo and chief administrative officer in 11 years. In 1997, he moved to Calvin Klein Inc. as senior vice president and cfo, but rejoined Escada a year later as co-president responsible for corporate and operational activities.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)