Paul Rosengard has exited DDK and Boston Traders.
The men’s wear veteran, who joined the sportswear brand in late 2013 as a partner and chief executive officer, broke the news in an e-mail to his key retail contacts late Monday that was obtained by WWD.
“After two years together, my partner Hershey Gold and I have decided that it is in our mutual best interests to go our separate ways,” the e-mail read. “I am proud of what we have accomplished, specifically the successful relaunching of Boston Traders. I am confident that, under the talented design direction of Anthony Caputo, this momentum will continue.”
Reached on his cell phone on Tuesday, Rosengard declined to provide more details on the split, but said that he is eager to settle somewhere else.
“As a division president and now a ceo, I have developed the resources needed to build a brand and a business. And I’m confident I can draw on both those experiences to drive a midsize business somewhere else,” he told WWD.
Before joining Boston Traders, Rosengard was president of men’s brands at LF USA Inc., a position he held nearly four years. Prior to that was group president of premium brands at Perry Ellis International Inc. for four years and executive vice president of Randa Accessories for 18 years.
In January, the company brought Caputo on board in the new position of senior vice president of design and merchandising. He was formerly vice president of men’s design for LF USA and also held senior creative posts at Calvin Klein and Joseph Abboud.
DDK is a privately held Canadian company that owns the Boston Traders trademark and produces its men’s sportswear. It also holds the license for Caribbean Joe men’s swimwear, the high-end outerwear brand Utex and produces private label men’s and women’s apparel.