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Aritzia founder Brian Hill is stepping down from his post as chief executive officer of the Vancouver-based fashion company.
In an investor statement released Friday, the company made public the decision for Hill, who founded the company in 1984, to be succeeded by Jennifer Wong. Hill will continue in a new role of executive chair, focusing on product, marketing, real estate and business development, according to the release.
“There is no better time and no one better to lead Aritzia into the future than Jennifer Wong,” Hill said in the news release of Wong, who previously held the position of president and chief operating officer at the company. Wong joined Aritzia as a sales associate in 1987, working at the brand’s boutique on Robson Street.
Noting that Wong has been “instrumental in accelerating” the company’s recent growth, Hill remarked her appointment is key to “capitalizing on the incredible opportunities” in the company’s future.
“It is evident that our tremendous success is a result of Jennifer’s contributions,” Hill said.
Aritzia’s net revenue growth has increased more than 66 per cent from last year, according to the release. The growth is attributed largely to the company’s further expansion in the U.S. with retail stores, along with ecommerce growth.
“I am grateful to our team members for their hard work and dedication, which continues to propel us forward at a phenomenal pace,” Hill said.
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