2012 January 12
Glen Senk Goes From Urban to Yurman
Patrick McMullan View Gallery
(NEW YORK) Less than two days after Glen Senk decamped from his CEO post at Urban Outfitters Inc., he's announced his next big move: as CEO of David Yurman. Senk is heading north from the Philadelphia Urban Outfitters HQ to join chez Yurman, assuming the new position on February 27 in the New York company's TriBeCa offices; he will also have an ownership stake in the company. Since 2007, Senk has been on the board of Yurman, and has been acquainted with founders David and Sybil Yurman for many years prior.
The couple has been questing for a new CEO for close to two years. Senk's predecessor, Paul Blum, left David Yurman in January 2010 after five years to become the vice chairman at Kenneth Cole Productions. Blum subsequently nabbed the top title at the company six month later, replacing Cole himself as CEO.
"We have known and respected Glen for more than a decade - as much for his creative vision and inspired leadership as for his exceptional management and operational ability," the Yurmans said in a statement about the appointment of Senk. "His arrival will allow us to truly focus on what we love doing - designing - while we collectively build an even greater global brand and the company we've always wanted." Senk cites his intrigue with the Yurmans' business trajectory based on the "consistent aesthetic and brand DNA," according to WWD.
Whisperings about possible future expansions of the Yurman brand into soft goods or home accoutrements have been spurred already by Senk's appointment, perhaps stemming from the lifestyle array found at Urban Outfitters and its antique-adoring, shabby chic-channeling older sister retailer, Anthropologie. “He has a great eye and a great appreciation for things of quality, whether it’s a horse, a house, a piece of furniture, shoes or jewelry,” Mr. Yurman told WWD of Senk's expert aesthetic.
In Senk's wake, Urban Outfitters founder, president, and board chairman Richard Hayne, who established the company in 1970, is adding CEO to his laundry list of titles at the company. Since Senk's departure was announced on Tuesday, Urban Outfitters Inc.'s had stock value plummeted 17 percent by last evening; today, the company will be presenting to institutional investors at a conference in Miami.
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