Vince Holding Corp has initiated its search for a permanent CEO following Schwefel’s departure which it said was to “pursue other opportunities”.

“The board thanks Jack for his work in positioning Vince for its next chapter of growth and wishes him the best as he pursues other opportunities,” said Michael Mardy, chairman of the board of directors.

“We are committed to finding a leader who has the skills and vision to continue to keep Vince on its trajectory to achieve its long-term objectives. Through his experience as CFO and as a member of our board, Dave brings a significant understanding of the company and is well-respected across the organisation. Having previously served as interim CEO during a time of prior transition and amidst the volatility of the Covid-19 pandemic, the board is confident in Dave’s ability to lead the organisation during this period.”

Stefko has over 30 years of senior finance and executive management experience, and has been a member of the board since June 2023 after retiring from his role as the company’s CFO which he held from 2015 to 2023.

In addition to his tenure as Vince Holding Corp CFO, Stefko served as the company’s interim CEO from August 2020 to March 2021.

Stefko said: “I am proud to rejoin the leadership team during this transition as we continue to execute our transformation plan and progress our strategic initiatives focused on driving long-term profitable growth.”

The company remains on track with its profitability objectives for full year 2023.