Esprit Holdings (0330.HKG) CEO Ronald Van der Vis said he will stay on for up to a year after unexpectedly announcing plans to resign earlier this month, Bloomberg reported. He pledged a “smooth transition” and said the clothing retailer is on track with its turnaround plan. Van der Vis said he was open to staying on as a board member after exiting as chief executive. The outgoing executive said he was unaware that Chairman Hans-Jaochim Koerber planned to resign the day after Ven der Vis announced his own resignation. Esprit was among the top stocks for gains on the Hong Kong Stock Exchange in the opening months of 2012 based on its announced turnaround plans, but the stock has plunged 27% since Van der Vis resigned on June 12. The originally American company closed all of its North American stores earlier this year to focus on its well-established European presence and growing efforts in Asia, particularly in China.