Hugo Boss has announced that its chief executive officer Mark Langer will leave the company as of September 30, 2020. In light of the current challenges caused by the COVID-19 pandemic, Langer will act as a consultant after he leaves his post and will support the company until the end of the year. His successor has not been named.
Langer joined Hugo Boss AG in January 2003 as director of finance and accounting. After also having served as senior vice president global replenishment for two years, he became chief financial officer (CFO) and member of the Managing Board in January 2010. He has served as CEO of Hugo Boss AG since May 2016.
In 1995, he started his career as an associate at McKinsey & Company in Munich before he joined Procter & Gamble in Schwalbach as the financial analysis manager of Europe in 1997. After two years, he returned to McKinsey & Company to become a senior associate and project leader in New York and Düsseldorf.
“During his tenure as chief executive officer, Mark Langer has successfully restructured and repositioned the company,” said Michel Perraudin, chairman of the supervisory board. “The focus on the two brands BOSS and HUGO, as well as the significant progress within the online business, the company’s own retail network and the Asian business, is clear evidence for that. In doing so, he has laid out the path for sustainable growth. I want to thank Mark Langer for his work and wish him all the best for his professional future.”
“I am grateful for almost 18 years with Hugo Boss, during which I have had the opportunity to serve the company in different roles,” added Langer. “In light of the passion and the commitment of its globally almost 15,000 employees, I am convinced that Hugo Boss will get out of the current difficult situation even stronger and continue its successful development.”