BERLIN — Escada chief executive officer Glenn McMahon is stepping down from his post for personal reasons, effective July 31. The former St. John and Tamara Mellon executive joined the Munich fashion house only last January.
Escada said the search for a new ceo has begun. In the interim, chief operating officer Jörg Wahlers has been appointed acting ceo. Wahlers joined Escada last year from Villeroy & Boch.
McMahon could not be personally reached for comment, but in an official announcement said, “I have enjoyed the opportunity to work at Escada and we have set a good framework for the future of the brand. I wish Escada all the best.”