Capri Holdings has named Joshua Schulman as the new CEO at Michael Kors, effective immediately.
The group also revealed that Schulman will take over the role of CEO at Capri, who also owns Versace and Jimmy Choo, following John Idol’s move to executive chairman in September 2022.
As CEO at Michael Kors, Schulman will cover all aspects of the brand globally while reporting to current Capri chairman and CEO Idol.
Idol called Schulman an “outstanding leader” with a track record of “successfully operating and growing luxury brands”.
He has also served as CEO at Capri’s Jimmy Choo brand between 2007 and 2012, as well as holding senior positions at Yves Saint Laurent and Gucci.
He said: “I have long admired Michael’s design vision and how the brand creates timeless fashion and embodies jet set glamour.
“I look forward to working closely with him and the talented Michael Kors management team to build upon the long-standing success of the brand.”
Upon Schulman’s appointment as CEO at Capri Holdings he will also be appointed to the luxury fashion group’s board of directors.
Idol added: “Josh’s appointment is part of a thoughtfully planned leadership succession. The board and I are confident in Josh’s unique abilities to lead Capri Holdings.
“His results driven leadership style and passion for building consumer-centric global brands will be instrumental in maximizing the full potential of our three luxury fashion houses.”