This week, J. Crew Group Inc. said that Mickey Drexler will step down, and James Brett would become new chief executive of the company in July. James Brett was previously from Williams-Sonoma Inc., where he was the head of West Elm brand.
Millard Drexler, which is known as Mickey, will remain the chairman of the company and will retain his significant equity stake in the company. He came to J. Crew after turning around Gap in the 1990s, and launched Old Navy division.
This was the second change of major executive at J.Crew in recent months. In April, Jenna Lyons, which was the company’s longtime executive creative director, resigned.
“As chairman and an owner of the company, it is my responsibility to focus on the future of J. Crew and find the right leadership to execute on our strategic plans,” Drexler said a statement this week.
“Jim has a proven track record of pushing for innovation and growing omnichannel brands. He has 25 years of retail experience, not that experience is the issue,” Drexler said. “He has had various leadership positions at Urban Outfitters, Anthropologie, J.C. Penney — there’s a proven track record there.”