Hugo Boss extends CEO Mark Langer’s contract
The Hugo Boss supervisory board decided at a meeting on Wednesday to extend the contract of CEO Mark Langer for a further three years. He will continue to serve as the chief executive of the German brand until December 2021.
"Mark Langer has put the company back on the road to growth," said Michel Perraudin, chairman of the supervisory board. We are convinced that he will continue along this path and build a successful future for Hugo Boss."
Langer became the brand’s CEO in May 2016, suceeding Claus-Dietrich Lahrs.
"I'm delighted to receive this vote of confidence from the supervisory board. It confirms that our strategic realignment is already posting successes, and that we are on track to guide Hugo Boss toward sustainable and profitable growth", he commented.
The group’s revenue increased by 3% to 2.7 billion euros in 2017, according to preliminary results. Nominal growth was 1%.
The company has also recently bid goodbye to Jason Wu, who as artistic director for Hugo Boss Womenswear managed to take the brand into a new level.
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