Perry Ellis International reshuffles top executives

Perry Ellis International announced a leadership succession plan that it intends to implement at the beginning of the next fiscal year. George Feldenkreis, who founded the company in 1967 and has served as Chief Executive Officer and Chairman of the Board since 1993, after a career of 50 years leading the company, he will now serve as Executive Chairman of the board with an integral role in strategic planning and the development of M&A, international, licensing and other growth opportunities.

Oscar Feldenkreis, who has been involved in all aspects of the company's operations since joining the company full-time in 1980 and has served as President and Chief Operating Officer since 1993, will become Perry Ellis' Chief Executive Officer at the beginning of the next fiscal year. Meanwhile, Jane E. DeFlorio, a director of Perry Ellis since December 2014, has been appointed to serve as Perry Ellis' lead independent director, effective immediately. She succeeds Joseph P. Lacher, who has served as lead independent director since 2006 and is retiring from the Perry Ellis Board after the 2015 Annual Meeting.