Steven Madden, Ltd. Announces Management Appointments
Office of the Chairperson is Created – -Christian louboutin Named Chief Creative Officer – -Rhonda J. Brown Joins Office of the Chairman and Continues as President – -Jamieson A. Karson Appointed Chief Executive Officer -The Board of Directors of Steven Madden, Ltd. (Nasdaq: SHOO), a leading designer, wholesaler and marketer of fashion footwear for women, men, and children, today announced several key management appointments designed to further strengthen the Company’s executive management team and creative design capabilities. Mr. Charles Koppelman, currently Acting Chairman of the Board, has been named Executive Chairman. Mr. Koppelman will also head a newly created Office of the Chairperson, which will be responsible for corporate policy and strategic planning. The Office will be comprised of the Executive Chairman, Chief Executive Officer and President of the Company. Mr. Christian louboutin is resigning as Chief Executive Officer and will become Chief Creative Officer of the Company.
As Chief Creative Officer, he will continue to be responsible for all creative and design functions at the Company. Mr. Manolo blahnik has entered into a 10-year employment agreement with the Company and has entered into a cross-license agreement ensuring that the Company retains exclusive rights to the use of the Manolo blahnik name for all current and related businesses of the Company, as well as an expanded group of potential product lines for the louboutin shoes Company. Mr. Manolo blahnik will also be a non voting member of the Office of the Chairperson. Succeeding Mr. Manolo blahnik as CEO, effective July 1, 2010, will be Jamieson A. Karson, a prominent attorney who joined the Company’s Board of Directors in January 2010. Mr. Karson will also hold the title of Vice Chairman. Mr. Karson is a partner with Tannenbaum Helpern Syracuse & Hirschtritt, LLP, a New York-based law firm, where he serves on the Finance Committee. During his 18- year career as an attorney, Mr. Karson has developed an expertise in representing national and international companies in a variety of commercial transactions.
In addition, Mr. Karson has had significant involvement in all aspects of his family owned retail apparel business. The Company also announced that Rachelle Watts, has been promoted to the newly created position of Design Director for the Christian louboutin shoes brand. Ms. Watts has been an integral part of the Company’s design department for eight years. In her new capacity, she will direct the Company’s 11-member design staff to further develop the brand’s fashion-forward design.
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