NEW YORK — In an evolution of its 116-year-old franchise, WWD this year will inaugurate The WWD Honors, an annual celebration of individual creative vision and business leadership across the industry.

The event will open WWD’s 2016 CEO Summit on Oct. 25 at The Pierre Hotel here. The honorees will be determined by WWD’s editors and encompass several categories, including creative development, executive performance and innovation across retail, management, design, technology and social responsibility.

The cornerstone of the event will be the presentation of The John B. Fairchild Honor, given to an individual for a career of influence and distinction and named for WWD’s late chairman and editorial director. Fairchild, a pioneering editor with a voracious mind and heightened sense of mischief, died in February 2015. During his 30-plus years directing WWD, he transformed the fashion industry by bringing designers to the forefront and focusing on the people who drove not only the business, but society as well.

“These honors will provide WWD with a platform to acknowledge real achievement and accomplishment, especially at a time when the fashion industry is facing the challenges of digitization, globalization and seismic shifts in consumer behavior,” said editor in chief Ed Nardoza. “We’re very pleased to create a permanent honor in Mr. Fairchild’s name. With his sharp, independent perspective and kinetic personality, he inspired generations of reporters and editors who passed through WWD’s newsroom. In the process, he changed the journalistic face of fashion and pop culture.”

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