Hugo Boss COO to leave this month

Hugo Boss has announced that its chief operating officer Heiko Schäfer is to leave the managing board of the business on May 31, “to pursue a new professional assignment outside the group”.

The executive only joined the firm in March 2020, at the beginning of the pandemic, and is currently responsible for global product development and sourcing, own manufacturing, and logistics, as well as sustainability.

The company said that under his leadership, it “has made important strides in digitalising and streamlining product development and logistics, realigning the group’s own manufacturing in the context of the casualisation trend, and further strengthening its sustainability efforts, for example by doubling the share of responsible styles within the collections”.

“Heiko Schäfer had an important impact in building an effective, digitised, and more sustainable operations backbone since joining the company”, said CEO Daniel Grieder.

“His work also helped to stabilise Hugo Boss during the Covid-19 crisis, and accelerate afterwards with full force”, supervisory board chairman Hermann Waldemer added.

The duo also thanked him for his work on behalf of the company.

Meanwhile, Schäfer said he’s “grateful and proud to have been a member” of the team and added that he’ll “certainly continue to be a fan and loyal customer.”

The departments reporting to him will be divided among the remaining management board departments. Global product development will move to the area of responsibility of Grieder. Yves Müller will assume responsibility for sourcing, own manufacturing, logistics, and sustainability.

Hugo Boss COO to leave this month

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