Ungaro CEO Steps Down, Lohan Still Staying On

03/18/2010 05:12 am ET | Updated May 25, 2011

WWD reports that Ungaro CEO and President Mounir Moufarrige has resigned. Perhaps related, Moufarrige was responsible for bringing Lindsay Lohan on as Artistic Advisor, a move that allegedly caused lead designer Esteban Cortazar to quit and resulted in a fall fashion show that Emanuel Ungaro called a disaster. Most recently, Mouffarige told Reuters that Lohan would certainly be staying on at the fashion house and that she had a job to do. But apparently Mouffarige doesn't, anymore.

According to the article, Ungaro said, "Moufarrige would continue to advise the company as a member of its strategic committee, but that he was 'withdrawing' from an operational role to devote more time to his other businesses, which include U-Boat and Welder, two fast-growing Italian watch companies." He will be replaced by Vice President Marie Fournier.

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