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John Idol Steps In as CEO of Michael Kors, Cedric Wilmotte Departs
John Idol is taking on a familiar role — chief executive officer of Michael Kors.
Idol previously ran Michael Kors through a major growth spurt as the brand transformed from small designer to a publicly traded force in the accessible luxury handbag market.
Now he’s taking direct control of a business in the midst of a major turnaround, while keeping his day job as chairman and CEO of parent company Capri Holdings, which also owns Versace and Jimmy Choo.
Cedric Wilmotte, who had been CEO of Michael Kors since April , will leave the company after 16 years.
Stepping up in the changeover is Philippa Newman, who was promoted to chief product officer of Michael Kors.
Newman has been with the brand for 14 years, rising to president of accessories and footwear. In her new gig she will report to Idol and work alongside chief creative officer Michael Kors overseeing