Jones Group Makes Executive Moves

Following the recent departure of two top executives, The Jones Group is shuffling its key management.

Andrew Cohen, formerly CEO of footwear, accessories and retail, and Jay Friedman, who led the company-owned retail business under Cohen, have both left the firm to pursue other interests.

As a result of the departures, Rick Paterno, formerly president of wholesale better footwear brands, has been appointed group president of footwear. Paterno will head up all of Jones’ wholesale shoe businesses globally.

Ron Offir, formerly president of e-commerce, has been named president of Jones Direct Group. Offir will oversee Jones’ entire portfolio of direct-to-consumer businesses, including company-owned and e-commerce retail.

Both Paterno and Offir will report to Richard Dickson, president and CEO of branded businesses.

“We congratulate Rick and Ron on these well-deserved promotions,” Dickson said in a statement.

“This management restructuring gives more dedicated leadership to these specific categories of business and will help The Jones Group continue to develop into a premier portfolio of brands in fashion,” he added.

Jones has significantly grown its position in the footwear industry over the past several years, most recently with the acquisition of Stuart Weitzman in May.

Earlier this month, the company said it would focus on building up its mid-tier brands division, and hired Richard Olicker for the position of president of mid-tier brands.  

Footwear makes up about a third of Jones’ total revenue. As of the end of the second quarter, the company had year-to-date total sales of $581 million for better apparel, $412 million for jeanswear and $507 million for footwear and accessories.

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