Stefan Larsson (businessman)
| Stefan Larsson | |
|---|---|
| Born | 1974/1975 (age 40–41)[1] |
| Alma mater |
Hanken School of Economics Jönköping International Business School |
| Occupation | CEO, Ralph Lauren Corporation (from November 2015) |
| Salary | US$4,535,579 (total compensation, 2014)[1] |
Stefan Larsson (born 1974) is the incoming chief executive officer (CEO) of the Ralph Lauren Corporation. Larsson will replace the company's founder, Ralph Lauren, as CEO in November 2015. Larsson will report to Lauren, who will remain with the company as its executive chairman and chief creative officer.[2][3]
Early life
Larsson received a Master of Science in Business Administration jointly from the Hanken School of Economics, in Finland, and Jönköping International Business School, in Sweden.[1]
Career
Prior to Larsson's announcement at Ralph Lauren, he served as global president of Old Navy, part of The Gap's portfolio, from October 2012 to September 2015. He transformed Old Navy into Gap Inc.'s top performing business unit, achieving three consecutive years of profitable growth and better sales revenues than Banana Republic and Gap.[4] By offering trendy clothing at low prices and overhauling its global supply chain to increase speed to market, Larsson increased Old Navy's revenue by nearly $1 billion.[5][6]
Previously, Larsson worked for the Swedish fashion company Hennes & Mauritz (H&M) for nearly 15 years, rising to the position of Head of Global Sales "with functional responsibility for about 2,300 stores and nearly all of its $17 billion in annual sales."[2][1] During that time, he was part of the executive team that increased annual revenues from $3 billion to $17 billion and expanded its operations from 12 to 44 countries. He also oversaw real estate, store design and construction.[7]
References
- 1 2 3 4 "Executive Profile* Stefan Larsson". bloomberg. Retrieved 30 September 2015.
- 1 2 TABUCHI, HIROKO; FRIEDMAN, VANESSA (29 September 2015). "Ralph Lauren, Creator of Fashion Empire, Is Stepping Down as C.E.O.". NY Times. Retrieved 30 September 2015.
- ↑ Bracket, Ed. "Ralph Lauren leaving CEO post". usatoday.com. USA Today. Retrieved 30 September 2015.
- ↑ La Monica, Paul (30 September 2015). "Gap shares plunge after Old Navy chief leaves for Ralph Lauren". money.cnn.com. CNN. Retrieved 1 October 2015.
- ↑ Dziemianowicz, Joe (30 September 2015). "Meet Stefan Larsson, the Old Navy exec who's taking over at Ralph Lauren". nydailynews.com. New York Daily News. Retrieved 1 October 2015.
- ↑ Russell, Michell. "New CEO likely to focus on Ralph Lauren supply chain". just-style.com. Just Style. Retrieved 1 October 2015.
- ↑ Babcock, Gregory. "Everything You Need to Know About Ralph Lauren's New CEO, Stefan Larsson". complex.com. Complex Media Inc. Retrieved 30 September 2015.