Chad Leat replaces Millard Drexler as Chairman of J.Crew Group

J.Crew Group, Inc. chairman and former chief executive officer Millard "Mickey" Drexler has retired to devote his full time to the development of Drexler Ventures, LLC and other interests. The company said that its board of directors has now elected Chad Leat to succeed Drexler as Chairman, effective immediately. Leat has served as a director of J.Crew since January 2017. The company added that Drexler will continue to serve as a strategic advisor to the office of the CEO and the board.