Vince Holding Corp. announced on Tuesday that Brendan Hoffman, the company’s chief executive officer and a member of the company’s board of directors, will resign from his positions, effective August 28th. Also announced on Tuesday, Hoffman is leaving the company to become president of Wolverine Worldwide.
In Hoffman’s place, David Stefko has been named the interim chief executive officer until a permanent replacement is appointed. The company said it will work with an executive search firm to advise on potential CEO candidates.
Stefko served as executive vice president, chief financial officer of the company since September 2015, and will continue to do so during this time. Prior to joining the company, Stefko served as group chief financial officer at Sun Capital since September 2011. He has over 30 years of senior finance and executive management experience.
“We are grateful to Brendan’s leadership in developing and executing a strategic plan that enabled the Vince brand to regain its market leadership position within the fashion luxury space,” said Marc Leder, chairman of the board. “During his tenure, he established a highly talented and experienced executive team that has been instrumental in positioning the brand for long term sustainable growth. We are equally excited about the opportunity to duplicate the Vince brand playbook for Rebecca Taylor. On behalf of our board of directors, we are highly confident in Dave and the team’s ability to continue to successfully lead this business through the pandemic and into the future.”
“Working closely with Brendan over the past five years, I am extremely proud of what we have accomplished as a team,” added Stefko. “We have laid a strong foundation for long term growth for the Vince brand and developed a similar turnaround strategy for Rebecca Taylor. I am excited about the opportunities that lie ahead for our organization and to be working with a group of such highly talented and passionate individuals as we continue to pave our way forward for the company.”