With Sears spinoff complete, Lands' End CEO Huber resigns; Marchionni named successor

MarketsAssociated Press

Lands' End CEO Edgar Huber is resigning, the company said Monday.

Lands' End was spun off by Sears last year after it struggled to thrive. The company's origins go back to 1963 when it was a sailboat hardware and equipment catalog. Sears bought it in 2002 for nearly $2 billion.

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Huber will be succeeded by Federica Marchionni, the one-time president of Dolce & Gabbana USA Inc.

"With the successful completion of the spin-off of Lands' End from Sears Holdings Corp., I have accomplished what I came to achieve at Lands' End and I look forward to the company's success in the future," Huber said in a printed statement.

Marchionni will take over as CEO and will take a seat on the board at Lands' End Inc. on Feb. 17. Huber will stay on to assist with the transition.