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Ralph Lauren Steps Down as CEO, Passes Torch to Former Old Navy Executive

Ralph Lauren created an American fashion empire with his namesake brand, and now the 75-year-old designer is relinquishing his post as CEO.

Stefan Larsson, former global president of Old Navy and renowned industry executive, will take over the role effective in November and he will still report to Lauren who will stay on to carry on the company’s vision as executive chairman and chief creative officer.

Read more at Sourcing Journal.

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