Tory Burch Names New CEO
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Tory Burch, LLC has named Pierre-Yves Roussel as its new chief executive officer, taking effect early 2019. A longtime LVMH executive, Roussel will be based out of Tory Burch’s New York headquarters; he will join and report to the company’s board of directors.
In partnership with the founder of the company that bears her name, Roussel will lead and implement the company’s global strategy with a focus on operations. Roussel and Burch were recently married, tying the knot in November after a two-year engagement.
“There are very few leaders in the industry who have both a commercial track record and a deep admiration for the creative process,” said Tory Burch, who is currently chief executive officer and will assume the role executive chairman and chief creative officer. “I respect what he has built at LVMH and value the way he thinks about business, luxury and the fashion industry as a whole. He also shares my belief in the importance of a culture-led company. We have a strong management team in place and Pierre-Yves is a natural fit as we continue to focus on long-term growth and global expansion.”
Roussel was chairman and CEO of the LVMH Fashion Group for the last 15 years and a member of the LVMH Executive Committee. During his time at LVMH, he successfully led the repositioning and global development of the fashion brand’s portfolio including Celine, Givenchy, Loewe and Pucci.
“I’m very excited to have the opportunity to join such an iconic lifestyle brand with a unique and authentic identity,” said Roussel. “Under Tory’s leadership, the company has had unprecedented success and is well positioned for long-term growth globally. From day one, investing in creativity and innovation has always been a strategic priority for the company. I look forward to working with Tory and her team to build on these investments and execute the business strategy.”