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nndb rendition Ancon Ralph Lauren stepping down as CEO from his self titled luxury apparel brand Tuesday writers editor in charge consumer and retail Sidharth Cobley that it's a positive move investors had been waiting for you in the studio as well as the creator had , in nineteen sixty seven is very rare to find something happened where he controls what the senior as well as , thank you I think shareholders were expecting this to happen at some point you see that showed up today hopeless and aftermarket , so this is a good move and %HESITATION investors cheered the move so I think this is more like where he is separating and didn't give businesses and then trying to concentrate fully on the design side of it which is very limited name and it's also because he's kind of well growing old right now he's seventy five going to be seventy six in October so it kind of makes sense for him to kind of handle within the rains are being handed over to Stefan Larson global president of gap Old Navy division , and calmly said Larson knack with offering trendy clothes at low prices that make him the man for the top job they can work things out don't want to tap into , expertise into how to cater to people and , give them good price point , so turning around fashion would be really important for us loaded and he might be the guy who could do it , Larson will still report to Lauren will remain executive chairman and chief creative officer