Ralph Lauren

First CEO at R. Lauren not named Ralph Lauren is unsaddled

Stefan Larsson, who took over as CEO at Ralph Lauren Corp. less than two years ago in hopes of revitalizing the iconic brand, is leaving the company.

The namesake founder, who said at the time that Larsson "understands what dreams are," maintains that he pushed the company in the right direction.

However, the two clashed largely over creative control. Lauren says the decision to part ways is mutual. Larsson — who also serves as president — will remain with the New York company until May. The search for a new chief executive is underway. The company's chief financial officer, Jane Nielsen, will lead the company's plan to turn around its business while a successor is...