Guess names new chairman after Marciano injured
Fashion firm Guess Inc has announced that Maurice Marciano, co-founder and non-executive Chairman of its board has stepped back from his role after recently being injured in a bicycle accident near his home in Napa Valley.
Paul Marciano, Chief Creative Officer and Director, said: “After careful medical review, my brother Maurice will be in rehabilitation and therapy for an extended period of time and, therefore, will no longer continue to serve as non-executive Chairman of the Board.”
It means the board has appointed Alex Yemenidjian, an independent board member for over 15 years and the current Lead Independent Director, to the non-executive Chairman role. But Maurice will remain on the board.
Paul Marciano added: “All board members, our friends and family, and all members of the Guess Family, wish Maurice a prompt and healthy recovery from this very unfortunate accident. In the meantime, we know that Alex will continue his exemplary service to Guess in his new role.”
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