Renowned designer and fashion icon, Tom Ford, is set to step down from his role as Chairman of the Council of Fashion Designers of America (CFDA) after completing his three-year term. The CFDA is widely recognized as the governing body of American fashion.
In an announcement on the CFDA’s official website, Ford revealed that he will officially retire from his position on May 31, 2022. Steven Kolb, the CEO of CFDA, will assume the role of Interim Chair until December 31, 2022, during which time he will be accountable to the Board and under their supervision. The current officers of the Board – Vice-Chair Tracy Reese, Secretary Vera Wang, and Treasurer Stan Herman – will continue in their respective positions for the remainder of the year.
Looking back on his time as Chairman, Ford expressed his initial aim of elevating the recognition and importance of American fashion on a global scale. However, unforeseen circumstances, such as the global pandemic, significantly impacted the industry and the world as a whole. Ford acknowledged the challenges posed by the pandemic and the need for innovative solutions within the fashion industry. He highlighted the dedication and hard work that goes on behind the scenes, supporting millions of individuals worldwide and contributing to a multi-trillion-dollar industry.
In addition to Ford’s departure, the CFDA Board has undertaken some notable changes. Tory Burch, Thom Browne, and Aurora James have been elected to the Board, effective June 1. Furthermore, the Board will vote on a new Chairperson in the fall, with their term commencing in January, aligning with the CFDA’s fiscal calendar.
Tom Ford’s tenure as Chairman of the CFDA has undoubtedly made a lasting impact on the American fashion industry. As he passes on the baton, industry insiders eagerly await the appointment of a visionary leader who will continue to drive growth and innovation within the sector.
For more information on the CFDA and its role in the American fashion industry, visit their official website [link] and [link].
