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

Ungaro CEO Steps Down, Lohan Still Staying On

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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