Vince promotes from within to replace CFO

Dive Brief:

Apparel company Vince will promote Amy Levy to chief financial officer, effective Feb. 10, replacing David Stefko.
Stefko has decided to retire, and will remain as adviser through May to ensure a smooth transition, according to a company press release.
Before joining Vince in 2016, Levy held various financial planning and analysis roles at Michael Kors and was on the finance team at Esprit.

Dive Insight:

Stefko has played various roles at Vince over the years, including as interim chief executive a few years ago prior to Jack Schwefel’s arrival in 2021.

“Dave has been a trusted partner and pivotal leader for Vince over the past eight years,” Schwefel said in a statement.

Possibly even longer than that. Before arriving at Vince, he was group CFO at Sun Capital Partners, according to his LinkedIn page. The private equity firm acquired the brand in 2008 when it bought its then-owner, apparel conglomerate Kellwood; Sun Capital affiliates are still among Vince’s major shareholders.

Kellwood had acquired Rebecca Taylor in 2011, and Vince sold off that brand’s intellectual property in December. In September, the company said it decided to unload Rebecca Taylor in order to focus on its core business.