Tapestry CFO Wills to Leave; Search Commencing for Successor
November 06 2018 - 6:45AM
Business Wire
Tapestry, Inc. (NYSE:TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, today announced
that the Company’s Chief Financial Officer, Kevin Wills, has
advised he will be departing the Company to pursue another
opportunity. In order to facilitate a smooth transition, Mr. Wills
is expected to stay through February 8, 2019. The company is
commencing a search for his successor with Spencer Stuart.
“During his tenure as CFO, Kevin has played an important role as
a key member of our leadership team and we wish him the best of
luck as he embarks on his next chapter,” said Victor Luis, Chief
Executive Officer of Tapestry, Inc. “I am confident that we will
find a strong successor to lead our seasoned finance team and that
they will not miss a beat during the transition period.”
Kevin Wills added, “It has been an honor and privilege to be a
part of the successful acquisition of Kate Spade and the
establishment of Tapestry. I am confident in the foundation that we
have built and the significant opportunities for our brands.
Looking ahead, I am excited about being closer to my family.”
Tapestry, Inc. is a New York-based house of modern luxury
lifestyle brands. The Company’s portfolio includes Coach, Kate
Spade and Stuart Weitzman. Our Company and our brands are founded
upon a creative and consumer-led view of luxury that stands for
inclusivity and approachability. Each of our brands are unique and
independent, while sharing a commitment to innovation and
authenticity defined by distinctive products and differentiated
customer experiences across channels and geographies. To learn more
about Tapestry, please visit www.tapestry.com. The Company’s common
stock is traded on the New York Stock Exchange under the symbol
TPR.
This information to be made available in this press release may
contain forward-looking statements based on management's current
expectations. Forward-looking statements include, but are not
limited to, the statements that can be identified by the use of
forward-looking terminology such as "may," "will," “can,” "should,"
“confident,” “future,” "expect," "intend," "estimate," "continue,"
"project," "guidance," "forecast," “outlook,” "anticipate,"
“excited about,” “moving,” “leveraging,” “capitalizing,”
“developing,” “drive,” “targeting,” “assume,” “plan,” “build,”
“pursue,” “maintain,” “on track,” “well positioned to,” “look
forward to,” “to acquire,” “achieve,” “strategic vision,” “growth
opportunities” or comparable terms. Future results may differ
materially from management's current expectations, based upon a
number of important factors, including risks and uncertainties such
as expected economic trends, the ability to anticipate consumer
preferences, the ability to control costs and successfully execute
our transformation and operational efficiency initiatives and
growth strategies and our ability to achieve intended benefits,
cost savings and synergies from acquisitions, the risk of
cybersecurity threats and privacy or data security breaches, the
impact of tax legislation, etc. Please refer to the Company’s
latest Annual Report on Form 10-K and its other filings with the
Securities and Exchange Commission for a complete list of risks and
important factors. The Company assumes no obligation to revise or
update any such forward-looking statements for any reason, except
as required by law.
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CoachAnalysts & Media:Andrea Shaw ResnickGlobal Head of
Investor Relations and Corporate
Communications212/629-2618Christina ColoneVice President, Investor
Relations212/946-7252
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