Hugo Boss picks financial chief Mark Langer as new CEO

German fashion house Hugo Boss announced Monday that it has chosen chief financial officer Mark Langer to become the new chief executive after the resignation of the former head of the company following a profits fall. Langer, who has been with Hugo Boss for 13 years, will replace Claus-Dietrich Lahrs who stepped down in February after the group's financial forecasts for 2016 were slashed due to a slump in sales in the major markets of the United States and China. “Due to my long-standing work for Hugo Boss, I have a clear understanding of the company's potential and know what we need to do to get it back on track for profitable and sustainable growth,” Langer said in a statement.

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Hugo Boss picks financial chief Mark Langer as new CEO

Hugo Boss CEO to step down at end of month

German fashion house Hugo Boss announced Thursday the resignation of its chief executive Claus-Dietrich Lahrs at the end of February after profits fell last year as a result of sluggish business in China and the United States. A former executive of Christian Dior Couture, Lahrs was appointed CEO at Hugo Boss in 2008. The company said its personnel committee would “deal without delay with the question who will succeed Claus-Dietrich Lahrs as CEO.

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Hugo Boss CEO to step down at end of month