Esprit CEO, chairman quit

Esprit CEO resigns in the midst of restructuring plan

The stock drops more than 20% as analysts warn about a lack of clear leadership. And then the chairman too calls it a day.

June 14, 2012

Esprit’s share price tumbled more than 20% yesterday after chief executive officer Ronald van der Vis resigned for personal and family reasons. And more losses are likely to come as chairman and non-executive director Hans-Joachim Koerber followed suit and handed in his resignation yesterday as well, the company said after the market closed.

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