Strenesse fires two board members

Just short of four months after he was appointed CEO of German fashion house Strenesse, Peter Kappler is leaving the company. In a statement, the firm announced that Kappler and Marc Hofig had “left the company at the end of last week in response to a resolution approved by the supervisory board at Strenesse AG.” Hofig was CFO and also a member of the management board.

Gerd Strehle, the company's majority shareholder who became non-executive chairman when Kappler took over, is taking over the responsibilities of both executives.

“It is intended that a new director will be appointed to the board of management within the very near future,” the statement continued. Kappler joined the company in 2000 and was initially responsible for marketing and international sales. Prior to that, he was director of international sales at Hugo Boss and before that co-director at Joop.

Earlier this year, Gerd Strehle said that Kappler's joining Strenesse “was a prerequisite to place the operating responsibility into younger hands at any given point in time. After five years of fruitful cooperation, I'm absolutely convinced that Peter Kappler will take the company into a successful future.” He changed his tune this week, however, when he said that Kapplers' departure “will ensure that the company will continue to be successful.”

In May the company realised a turnover of €125 million (£85.4 million), up from €108 million the year before.