Hilary Riva will step down from her post as CEO of the British Fashion Council next month, BFC Chairman Harold Tillman announced this morning.

Caroline Rush and Simon Ward will become joint CEOs, as Riva moves to head a new BFC development committee. In this role, she'll collaborate with Rush and Ward to revive London Fashion Week. Rush, formerly in PR, and Ward, who dealt with operations, have more than 30 years combined experience with the BFC.

"Hilary has been a catalyst for positive change for the British Fashion Council," says Tillman, via Vogue, "I thank her on behalf of the industry for the generosity of time, her commitment and the selfless energy she has given to date and will no doubt continue to commit to our legacy projects."

With London Fashion Week in its 25th year, and with the tents moving from the Natural History Museum to Somerset House, does Riva have any surprises up her sleeve?