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Hugo Boss names CFO chief executive in wake of profit decline

German fashion label Hugo Boss has plans to appoint Mark Langer its new CEO.

Mr. Langer has been at Hugo Boss for 13 years, serving as chief financial officer and a member of the managing board since 2010. Hugo Boss has seen its profits decline, but is hopeful that new leadership and a strategic forecast can turn its sales around.

Mr. Langer’s promotion was resolved upon by the personnel committee of the company and is only awaiting approval from the supervisory board. This final approval is expected soon.

Hugo Boss’ previous CEO Claus-Dietrich Lahrs stepped down in February, ending his eight-year tenure amid the German fashion label’s dimmed profit outlook.

(Source: Luxury Daily )

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