An Estée Lauder veteran, Boxford takes over as CEO on Jan. 4, joining just as the Michael Kors brand looks to build on its recent traction.
When Justin Boxford steps into the corner office at Capri Holdings on Jan. 4, it will start a new chapter at a company that for 23 years has been shaped by the leadership and vision of John Idol.
As chief executive officer of Capri, Boxford will be taking expertise honed over more than 20 years at the Estée Lauder Cos. and applying it to the Michael Kors turnaround and the Jimmy Choo expansion.
Robin Freestone will become the company’s independent chairman. And Idol, who is currently both chairman and CEO, will stay on as a senior adviser through the end of March.
WWD was first to report late Tuesday that the CEO switch was in the works.
Before Idol heads for the exit — and the golf course — he took a few minutes on Wednesday to talk about the change and what it means for Capri. In the interview, he also took a clear-eyed look back at his run as CEO, finding many things to be proud of and some things that he’d do differently.
“Our board and myself have been talking about succession planning for years, but this was something that I was very much wanting to do,” he said. “I’ve been a CEO since 1997.
“I’ve had a great opportunity to work with amazing teams of people and to be able to work with Michael as my business partner and to be able to work with Hannah [Colman, CEO of Jimmy Choo] and Sandra Choi [creative director at the shoe brand].
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