Robert Margolis, executive chairman of global brand company Cherokee, has stepped down from the post with effect from last Friday (28 January).

His resignation comes after 20 years with the company and several months working with CEO Henry Stupp to ensure a smooth transition process.

The Cherokee board has unanimously elected Jess Ravich, a company director for the past 15 years, to succeed Margolis as chairman, on a non-executive basis.

“Cherokee owes a tremendous debt of gratitude to Robert Margolis for his invaluable contributions over the years,” said Ravich.

“It was Bobby’s vision in 1995 that transformed Cherokee from a moderate apparel company to the global brand management company it is today.”