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Michael Börnicke to Exit Escada

Felix Geiger has been named executive vice president, finance.

BERLIN — Escada SE said Michael Börnicke, its chief financial officer, is leaving the company as of Nov. 30 to pursue “entrepreneurial activities.”

Felix Geiger, previously director of controlling at Escada, has been named executive vice president of finance and will report to chief executive officer Bruno Sälzer.