Just a day after Chanel held its spring haute couture show at the Grand Palais in Paris, Chanel has announced that its global CEO, Maureen Chiquet, is stepping down from her post at the end of January.
According to a statement provided by a Chanel rep, Chiquet, who worked under Mickey Drexler at Gap Inc. before arriving at Chanel in 2007, is departing due to a difference of opinion on the strategic direction of the French luxury house. Upon her departure, Chairman Alain Wertheimer will take over her duties.
"During her nine years as Global CEO, Maureen Chiquet oversaw the successful international expansion of the House of Chanel, enhanced its luxury positioning and timeless image, and grew the business in all categories," the company statement says. "She also established a truly global organization and enhanced the culture and leadership of the company."
This post has been updated with comment from Chanel's representative.