Longtime J.Crew CEO Mickey Drexler Steps Down

Nearly two weeks after admitting that he underestimated the role technology would play in retail in an interview with the Wall Street Journal, Millard “Mickey” Drexler is leaving his longtime role as CEO of J.Crew.

Drexler’s departure from the role signals more massive change for the apparel retailer, which also saw its President, Executive Creative Director and second-in-command Jenna Lyons step down from her role in April 2017. Lyons, who had been considered the creative mastermind behind the brand’s rise in the early 2000s, will remain with J.Crew as a creative advisor until her contract expires in December 2017. Drexler will remain in his role as Chairman of the Board of Directors at J.Crew.

James Brett, a veteran with more than 25 years of retail experience, will succeed Drexler as CEO in…