Granoff out at Kenneth Cole

NEW YORK -- Jill Granoff is stepping down as CEO of Kenneth Cole Productions. According to a company press release the decision was a mutual agreement between Granoff and the board of directors. Kenneth Cole, chairman and chief creative officer, will act as interim CEO. Paul Blum, who was with the company for 15 years and served as president from 2002 to 2006, has agreed to return to the company and assume the role of vice chairman.

"I would like to thank Jill for her contributions and dedication to the company," said Cole. "I have a very high regard for her, and appreciate all of her efforts over the last couple of years. I wish her the best in her future endeavors."