Guess Inc. announces board resignation and replacement

Los Angeles Guess Inc. said Monday that Alice T. Kane has resigned as a non-employee director of the company, effective immediately.

Kane tendered her resignation because of a potential differing interest between the company and her current employer that is said by Guess Inc. to be unrelated to her service as a board member or her current employment.

Guess Inc. said that its board has appointed Gianluca Bolla as a director, keeping the current number of directors at eight and the total number of non-employee directors at five.

Bolla, who currently is a shareholder and director of Italian private-equity firm Accord Management, has held a number of executive positions with various subsidiaries of Barilla Holding S.p.A., a privately held Italian food company.