NEW YORK--(BUSINESS WIRE)--Vince Holding Corp. (NYSE: VNCE), a leading global contemporary group, today announced that Brendan Hoffman, Chief Executive Officer of the Company and a member of the Company’s Board of Directors, notified the Board of his decision to resign from his positions, effective August 28, 2020, to become President and CEO successor of a multi-billion dollar branded footwear and apparel company. The Board has appointed David Stefko, as Interim Chief Executive Officer until a permanent replacement is appointed. The Board will work with an executive search firm to advise on potential CEO candidates.

Mr. Stefko served as Executive Vice President, Chief Financial Officer of the Company since September 2015, and will continue to do so during this time. Prior to joining the Company, Mr. Stefko served as Group Chief Financial Officer at Sun Capital since September 2011. Mr. Stefko has over 30 years of senior finance and executive management experience.

Marc Leder, Chairman of the Board, commented, “We are grateful to Brendan’s leadership in developing and executing a strategic plan that enabled the Vince brand to regain its market leadership position within the fashion luxury space. During his tenure, he established a highly talented and experienced executive team that has been instrumental in positioning the brand for long term sustainable growth. We are equally excited about the opportunity to duplicate the Vince brand playbook for Rebecca Taylor. On behalf of our board of directors, we are highly confident in Dave and the team’s ability to continue to successfully lead this business through the pandemic and into the future.”

Mr. Stefko commented, “Working closely with Brendan over the past five years, I am extremely proud of what we have accomplished as a team. We have laid a strong foundation for long term growth for the Vince brand and developed a similar turnaround strategy for Rebecca Taylor. I am excited about the opportunities that lie ahead for our organization and to be working with a group of such highly talented and passionate individuals as we continue to pave our way forward for the Company.”

ABOUT VINCE HOLDING CORP.

Vince Holding Corp. is a global contemporary group, consisting of three brands: Vince, Rebecca Taylor and Parker. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day effortless style. Known for its range of luxury products, Vince offers women’s and men’s ready-to-wear, footwear and accessories through 49 full-price retail stores, 14 outlet stores, and its e-commerce site, vince.com and through its subscription service Vince Unfold, www.vinceunfold.com, as well as through premium wholesale channels globally. Rebecca Taylor, founded in 1996 in New York City, is a high-end women’s contemporary lifestyle brand inspired by beauty in the everyday. The Rebecca Taylor collection is available at six full-price retail stores, through our e-commerce site at rebeccataylor.com and through its subscription service Rebecca Taylor RNTD, www.rebeccataylorrntd.com, as well as through high-end department and specialty stores in select international markets. Parker, founded in 2008 in New York City, is a contemporary women’s fashion brand that is trend focused. The Parker collection is available at high-end department and specialty stores in select international markets. Please visit www.vince.com for more information.