There were more than 100 fashion CEOs changes in 2020, despite it being one of the most disruptive years in recent memory. And for the second consecutive year, we tracked fashion CEO turnover to better understand what these changes indicate about the future of the industry.
We found that the COVID-19 pandemic led to natural risk aversion as reflected in certain aspects of the profiles of incoming fashion CEOs, as they sought the most seasoned professionals for quick, decisive action. However, there are also signs that new fashion CEOs and their companies are still moving forward long-term goals, such as gender parity, digitization, sustainability based on the executives they’re choosing to lead them.
