J.Crew CEO Departs Despite Apparent Turnaround Success

J.Crew CEO James Brett has stepped down from his position, effective immediately, after 17 months on the job. The retailer declined to elaborate on the reasons for his departure. Brett’s rapid departure is puzzling, since the company is poised to report positive comparable sales growth in the J.Crew brand for the first time in four years when it reports Q3 2018 earnings on Nov. 29.

The leadership role will be temporarily assumed by four senior executives while J.Crew establishes a permanent management structure: