OPERATIONS

Liz Claiborne Names Co-Prez at Kate Spade

BY CSA STAFF

New York City Liz Claiborne announced Wednesday that Craig Leavitt will join its Kate Spade division as co-president and COO effective mid-April. He will be responsible for driving business performance through the wholesale and retail channels.

In his role, he will partner with co-president and creative director, Deborah Lloyd on the management and overall leadership of the Kate Spade brand. Both Leavitt and Lloyd will report to William L. McComb, CEO of Liz Claiborne.

Leavitt comes to Kate Spade from Link Theory Holdings. There, he was responsible for merchandising, operations, planning and allocation and real estate for the Theory and Helmut Lang retail businesses.

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Sally Beauty’s CFO Resigns

BY CSA STAFF

Denton, Texas Sally Beauty Holdings announced Tuesday that senior VP and CFO David L. Rea has resigned, effective April 11. Rea, who is leaving to spend more time with his family and to pursue other interests, has agreed to continue serving the specialty retailer in a consulting role for approximately three months following his termination date.

Mark Flaherty, Sally’s current chief accounting officer and controller, will serve as acting CFO as the company conducts a search of both internal and external candidates. Prior to joining Sally, Flaherty was the CFO of Tandy Brands Accessories.

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Marks & Spencer CEO to Become Exec Chair

BY CSA STAFF

London Marks & Spencer Group PLC will promote CEO Stuart Rose to the role of executive chairman. He is expected to hold this post for three years.

Rose will succeed Chairman Terry Burns, who will step down as of June 1. The announcement caused a negative reaction from shareholders as the decision reportedly did not take into account the views of the company’s investors, according to a report from Thomson Investment Management News.

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