NEW YORK — Peter Boneparth reached the end of a bumpy road at Jones Apparel Group on Thursday, abruptly resigning as president and chief executive officer.
He is succeeded by Wesley R. Card, the company's chief financial officer and chief operating officer. The appointment of a financial executive to the ceo slot heightens speculation that the Jones board is ultimately looking to sell the company, either whole or piecemeal.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"