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CEO of of fashion label, Emanuel Ungaro, Mounir Moufarrige, has resigned from his position at the company. This, of course, comes after the executive was instrumental in bringing Lindsay Lohan on board.

After the starlet’s catastrophic collaboration with the fashion house, speculation is running rampant that Moufarriage’s decision to leave is a case of “getting out while the getting’s good.” Despite his departure, Lindsay remains an employee of Ungaro and will be receiving guidance from a long-time veteran of the company, Marie Founrier. We’ll see how long Lindsay can ride this train.

As for her personal life, we’re going to run with the idea that this ring on her finger means she’s engaged to a snowman. Hey, weirder things have happened. And who knows? They just might make it work.

Gallery Info: Lindsay Lohan leaves E Baldi restaurant.