Barneys names new CEO

New York City Luxury retailer Barneys New York has named Mark Lee, the former head of Gucci, as its new CEO.

The appointment of the 47-year-old takes effect Sept. 1. Former CEO Howard Socol retired in 2008, and since then a committee of seven executives has run the company.

Lee has more than 25 years experience in luxury and retail. He joined Gucci in 1996 and was president and CEO from 2004 through 2008.

Lee started his career at Saks Fifth Avenue in 1984.