HONG KONG: Esprit chairman Körber resigns
Esprit has revealed that Hans-Joachim Körber has resigned from the apparel brand as chairman of the board and independent non-executive director.
The announcement comes after the company, which is in the midst of a transformation plan, earlier this week reported the departure of its CEO Ronald van der Vis.
Esprit said Körber is leaving due to personal reasons and that he has "no disagreement with the board". Raymond Or Ching Fai will become chairman of the board.
Van der Vis said on on a conference call that he will remain in his post for 12 more months, as he is stepping down wholly for family reasons and not because of any dispute with the board, Bloomberg reported.
He said that while no strategic changes are planned to Esprit's transformation programme, some "adjustments" are possible.
In September last year, the company announced a broad transformation plan which saw it exit North America, exit its retail businesses in Spain, Denmark and Sweden as well as shutter under-performing stores worldwide.
As part of the plans, it is working to develop new branding and sourcing strategies, while growing its presence in China.
The company has resumed trading after its shares were suspended ahead of the announcement that Körber would be leaving the company.
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