J. Crew’s president to resign

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J. Crew Group Inc. just announced that its president, Jeffrey Pfeifle, will leave the company on Feb. 1.

Pfeifle’s responsibilities will be assumed by members of the executive team with no near term plan to fill his position.

“Jeff and I have had a successful collaboration for more than 15 years, with the last five at J. Crew,” said Millard Drexler, chairman and CEO of J. Crew, in a statement. Pfeifle “has made significant contributions to our business.”

--Chantal Todé
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