KELLWOOD SEARCH: Russell Reynolds Associates has been retained by Kellwood to find a new chief executive officer to succeed Michael Kramer, who’s headed to J.C. Penney as chief operating officer on Dec. 5. Bobbie Lenga, managing director, global consumer sector leader at Russell Reynolds in Chicago, said, “We just opened it. We want to do it really quickly.” Lenga said she expects to present a slate of candidates shortly to private equity firm Sun Capital Partners, which acquired Kellwood in February 2008 for $762 million and took it private. Having undergone a transformation in the past few years, Kellwood’s brands include Vince, Rebecca Taylor, Scotch & Soda, Adam, Zobha, BLK DNM, Baby Phat, Phat Farm and David Meister.
November 18, 2011