Guess Inc. disclosed on Aug. 19 that Markus Neubrand, its chief financial officer (CFO) would leave his executive role and the company. The move set off a search process for a replacement at the apparel brand as an interim CFO takes Neubrand’s place.
Guess ranks No. 176 in Digital Commerce 360’s Top 1000 list of North America’s largest online retailers. There, Digital Commerce 360 categorizes it as an Apparel & Accessories retailer. Digital Commerce 360 projects that web sales for Guess will reach $537 million in 2024.
Guess web sales by year
Who is the new interim CFO at Guess?
Following Neubrand’s resignation, which he submitted Aug. 17, the Guess board of directors named Dennis Secor to take over duties as interim CFO. Secor’s appointment became effective Aug. 26, according to a filing with the Securities and Exchange Commission. Secor, who has been executive vice president, finance at Guess since July 2023, previously held the roles of senior vice president and CFO there from July 2006 to December 2012. Additionally, he served as interim chief accounting officer from March 2022 to April 2023, and interim CFO from March 2022 to July 2023.
“It’s a transformative time at Guess?, and I am ready to hit the ground running as the team works to build on our forward momentum, strengthen our brands and continue to deliver value for our shareholders,” Secor said in a released statement.
Secor assumes the interim CFO role in the aftermath of a deal that saw Guess acquire the New York-based clothing brand Rag & Bone in April. Guess integrated the company with existing segments. Rag & Bone’s intellectual property falls under the ownership of a joint venture owned by Guess and the brand management firm WHP Global.
“We are again thankful to Dennis for taking on this important interim role as we conduct our search for our next CFO,” said Carlos Alberini, CEO at Guess. “With Dennis’s extensive experience and leadership and our strong finance team, we are confident that we will not miss a beat.”
Neubrand’s resignation as Guess CFO
“On behalf of the entire Guess? team, I want to thank Markus for his contributions to the growth and success of the Company,” Alberini said. “We wish him all the best as he embarks on his next professional opportunity.”
Neubrand joined Guess on Aug. 1, 2023. Previously, he was CFO at the luxury clothing brand MCM Worldwide. His arrival accompanied a financial reorganization at the time.
Now, he will depart to “pursue another opportunity that will bring him closer to his family,” according to a press release from Guess.
Officially, Neubrand will remain a Guess employee until Sept. 30.
Do you rank in our databases?
Submit your data and we’ll see where you fit in our next ranking update.
Sign up
Stay on top of the latest developments in the online retail industry. Sign up for a complimentary subscription to Digital Commerce 360 Retail News. Follow us on LinkedIn, Twitter, Facebook and YouTube. Be the first to know when Digital Commerce 360 publishes news content.