Valerie Hermann has resigned her post as president and chief executive officer of the Reed Krakoff Co., effective March 15.
This story first appeared in the February 18, 2014 issue of WWD. Subscribe Today.
The board has named Reed Krakoff as ceo of the company, in addition to his role as creative director.
Hermann’s plans could not be learned at press time.
“Valerie is a founding partner of the Reed Krakoff company and has been a trusted friend and adviser over the last three years,” said Krakoff. “Her knowledge of what makes a true luxury brand, her insight on all aspects of the business, have been invaluable. I look forward to our continued partnership and friendship.”
Hermann added, “I am extremely grateful to Reed Krakoff for giving me the opportunity to come to the U.S. and develop, together with him and a wonderful team, what is certainly going to be one of the most exciting American luxury brands. I am proud to say that we have been not only wonderful partners but have also developed a friendship, which will last beyond my tenure as the head of the company.”
Prior to joining Krakoff in 2011, Hermann was ceo of Yves Saint Laurent in Paris. Earlier, she was with LVMH Moët Hennessy Louis Vuitton, where she was president of John Galliano and director of women’s ready-to-wear at Dior. Before that, she was president and ceo of Jacques Fath. Hermann started her career at the Comité Colbert, the Paris-based luxury goods trade association.
Hermann relocated to New York for the Reed Krakoff position, which she assumed when the brand had just started gaining traction in the marketplace.