Image: Essential Homme.
American fashion designer Alexander Wang is stepping down as CEO of his eponymous label. Wang held the position for a year, managing both the business and creative side of his empire, after a three-year stint as creative director for Balenciaga.
Wang will maintain his role as creative director, but has named Lisa Gersh, who has previously worked at lifestyle brands Goop and Martha Stewart Omnimedia, as the company’s new CEO. While the appointment seems unexpected, it could hint at a greater shift in the creative strategy of the brand to expand into more of a lifestyle presence.
Alexander Wang launched in 2007 after Wang dropped out from Parsons School for Design. The minimal and effortless urban elegance of the line made it an instant hit, and quickly solidified Wang as one of New York’s finest design talent.