Perry Ellis International’s succession plan has now been executed, the publicly traded apparel company announced Thursday.
Chairman of the Board and CEO George Feldenkreis is now executive chairman, and his son, President and Chief Operating Officer Oscar Feldenkreis, is now CEO and president of the Miami-based company. The succession plan was announced last May.
George Feldenkreis founded the company 49 years ago and has served as chairman and CEO since 1993. He will now focus on strategic planning, the development of mergers and acquisitions, licensing and other growth areas, the company said.
Oscar Feldenkreis has been involved in all aspects of the company’s operations since 1980, when it was named Supreme International. He was named president and COO in February 1993 and elected vice chairman in March 2005. “We will remain focused on continuing to meet the changing needs of our consumers, as well as on growing and building value for our shareholders by optimizing our global portfolio, driving international growth, expanding our direct-to-customer footprint and expanding profit margins,” he said.
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Oscar Feldenkreis is an active Industry Advisory Board Member for the Jay H. Baker Retailing Center Wharton School of the University of Pennsylvania and is involved in numerous local and national civic causes, including the United Way, Temple Menorah and Young Presidents Organization. He sits on the advisory board of Mela Artisans and serving as president of the Friends of the Israel Defense Forces (FIDF) in South Florida.