Paul Marciano, chief creative officer and director for Guess, said, “After careful medical review, my brother Maurice will be in rehabilitation and therapy for an extended period of time and, therefore, will no longer continue to serve as non-executive chairman.”

Guess has appointed Alex Yemenidjian, lead independent director, to replace Maurice Marciano. Maurice Marciano will continue in his role as a member of the Guess board.

Paul Marciano added: “All board members, our friends and family, and all members of the Guess family, wish Maurice a prompt and healthy recovery from this very unfortunate accident. In the meantime, we know that Alex will continue his exemplary service to Guess in his new role as non-executive chairman.”