Millard “Mickey” Drexler or better known as Mickey Drexler, is leaving his CEO post at J. Crew. However, Drexler will remain chairman of the company. Jim Brett, who was recently the president of home furnishings company West Elm, will be replacing him as the new CEO in July.
“This is an exciting time for J. Crew as we continue to make significant changes to position our company for long-term success,” said Drexler in a statement. “As chairman and an owner of the company, it is my responsibility to focus on the future of J. Crew and find the right leadership to execute on our strategic plans.”
The 72-year-old Drexler has held the CEO role for the past 14 years since 2002. He was notable for boosting J. Crew into one of the most successful retail brands in America. Prior to joining J. Crew, Drexler was formerly the CEO of Gap Inc. in 1995. Back then, he was famously known for revitalising Gap into an iconic US brand with stylish but affordable garments and then-breakthrough ads such as the “Individuals of Style” in 1989 and the famous “Mellow Yellow” commercial in 1999.