New York–J.Crew, which has been the darling of Wall Street not to mention many women’s closets, just announced a restructuring at the executive level.
Tracy Gardner, president of J.Crew’s Retail and Direct channels, will resign effective September 13. Jenna Lyons, currently executive creative director, will be promoted to president and executive creative director, J.Crew Group, Inc.
Millard “Mickey” Drexler, chairman and ceo of J.Crew, said: “I am sorry about Tracy’s decision to leave J.Crew but I respect and understand her wish to spend more time with her children. Tracy and I have worked together for almost 20 years and I will miss her as a great merchant, leader and business partner.” Drexler continued, “The team at J.Crew has considerable depth, and I am pleased to announce Jenna’s promotion along with additional important organizational changes. I am also confident in our ability to achieve a seamless transition.”
Lyons, who has been publicly hailed for much of J.Crew’s fashion turnaround for some time now, exemplified the company’s commitment to continuing its current approach and celebrating internal talent.. “I am so appreciative of the confidence Mickey and the Board of Directors have in me and am excited to continue to grow J.Crew Group in a creative and innovative way,” said Lyons in a statement.
In connection with Gardner’s departure, J.Crew has restructured some other existing positions as well. Libby Wadle will now become executive vice president of Retail and Factory and continue to report directly to Drexler. Trish Donnelly, cxecutive vice president of the Direct Channel and Laura Willensky, senior vice president of the Madewell Retail Channel will now both report into Drexler as well. The merchandise production responsibilities will now fall under the chief ddministrative cfficer/CFO, James Scully.