Cedric Wilmotte has been appointed chief executive officer of Michael Kors, effective April 3.
, parent to Michael Kors, Versace and Jimmy Choo, said he would stay on as group CEO, while his chosen successor, Joshua Schulman, said he would leave the company. Schulman had been named brand CEO of Michael Kors in August 2021, a post he was meant to hold for just over a year before taking over the corner office at the group level in September 2022.
“Cedric has proven himself to be a versatile leader within our group, having achieved great success at both Michael Kors and Versace. The board, Michael and I are confident that the Michael Kors brand will benefit tremendously from Cedric’s leadership, which will help to further accelerate our strategic initiatives. Cedric’s appointment ensures that we have three experienced and talented CEOs at each of our luxury fashion brands,” Idol added.
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