Moti Ferder stepped down Wednesday and will not receive any severance pay, parent company Compass Diversified said.
Chris Cullen appointed CEO of Lagos
Chris Cullen has been promoted to CEO of Lagos while founder Steven Lagos, who has run the company since 1977, will focus on being chairman and creative director.

New York--Chris Cullen has been promoted to CEO of Lagos while founder Steven Lagos, who has been heading the company for the last 38 years, will step down from the position to focus on his roles as chairman and creative director.
Cullen has served as the brand’s president for the last seven years.
He has driven the strategic redirection of the company, which is based in Philadelphia and known for its “Caviar” design worked into both silver and gold collections, and will focus on attaining its ambitious growth targets in the coming years.
Steven Lagos has been CEO and creative director of Lagos since its founding in 1977.
In addition, Isabelle Scarchilli, former director of marketing at the brand, has been promoted to vice president of marketing. She will be executing Lagos’s new brand strategy and will build more brand awareness, relevance and esteem for the company moving forward.
Amanda Willinger has been appointed to vice president of digital and ecommerce, taking on broader responsibilities. She formerly worked as the director of ecommerce.
Diana Nichols now is in the newly created position of sales director, and will direct the brand’s increased efforts in improving and enlarging the Lagos footprint at point-of-sale in select leading luxury retailers.
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