After Ralph Lauren announced his step down and hired Stefan Larsson as the CEO of his eponymous label, fans all over got overwhelmed with sad and mixed feelings, but it’ll only make sense to highlight some really important things many might not know about the new CEO. Stefan Larsson may not be a household name like his predecessor, but he’s undoubtedly a legend in the fashion industry. Not only is Larsson largely responsible for bringing H&M from obscurity to the fast-fashion giant it is today, he also transformed Old Navy into a more profitable business than its parent company, Gap – bringing in almost as much as both Gap and Banana Republic combined in 2014. With Stefan Larsson’s past experience, it’s safe to say he’s the right man for the job. Head over to GQ.com for more about Ralph Lauren’s successor.