Hugo Boss chairman to step down after Frasers takeover pressure
Hugo Boss chairman to step down after Frasers takeover pressure Sept 14 (Reuters) - Hugo Boss BOSSn.DE Chairman Stephan Sturm will leave the company following constructive discussions amid recent changes in the company, the German fashion group said on Monday.
Sturm will continue to serve as chairman of the supervisory board until a successor is elected, according to a statement.
Hugo Boss said it would start the succession process immediately and provide an update in due course.
(Reporting by Ozan Ergenay in Gdansk
Editing by Miranda Murray)
Recent news on Hugo Boss AG
See all newsHugo Boss set to become Frasers subsidiary as stake crosses 50% (updated)
Hugo Boss set to become Frasers subsidiary as stake passes 50%
Brief: Frasers Says Hugo Boss To Be Consolidated As Subsidiary Of Frasers Group
SIH Partners raises stake in Hugo Boss to 21.15%
Brief: Hugo Boss Names Ivica Maric CFO As Yves Müller Steps Down