Joseph B. Parsons has been promoted to the position of chief financial and operations officer at Donna Karan International Inc (NYSE: DK). Mr Parsons has been with the company since 1993 and most recently held the position of executive vice president, chief financial and administrative officer. The promotion is aimed at increasing efficiencies within the company.

It has also been announced that Jim Thomson will be returning to the company in the newly created role of senior vice president of finance. Jim first joined the company in 1994 as assistant corporate controller and later became vice president, corporate controller. Also announced was the promotion of Bob Casale to vice president, corporate controller. Bob joined the company in 1995 and most recently held the position of Assistant corporate controller.

John D Idol, chief executive officer of Donna Karan International, said: "This structural change is in keeping with the company's strategic vision to focus on enhancing our brands. Consolidating finance, administration and operations under Joe will enable me to focus on global brand direction and revenue growth. Joe has played a key role in the management team during the financial turnaround of this company, and in his new role will be able to focus on improving operating efficiencies. I am very pleased to see people continue to grow and develop within the company, and believe that this further strengthening of our management team will better position the company for future growth."

Donna Karan International Inc is one of the leading international fashion design houses. The company designs, contracts for the manufacture of, markets, retails, and distributes collections of men's and women's clothing, sportswear, accessories and shoes under the Donna Karan New York, DKNY, DKNY Jeans, and DKNY Active brand names. The company also selectively has granted licenses for the manufacture and distribution of certain other products under its brand names, including beauty and beauty-related products, jeanswear, activewear, hosiery, intimate apparel, eyewear and children's apparel.