Ralph Lauren Announces Changes To Executive Management Team
Change is afoot at Ralph Lauren.
On Thursday, the company announced changes to its executive management team in an effort to more effectively align senior leadership roles with its recent organization shift to a global brand management business model.
"I have tremendous confidence about the future of this company and the opportunities for our brands around the world." Ralph Lauren, chairman and chief executive officer of Ralph Lauren Corporation, said in a press release.
"We have an experienced and proven management team in place. As we move to a new global organizational structure, these executive leadership changes will allow us to maximize the potential of our brands and drive global growth."
One of the biggest changes is the promotion of Christopher Peterson to the newly created position of president, global brands. The global brand presidents, the chief financial officer, global real estate and investor relations will all report to Peterson, who previously acted as Ralph Lauren's executive vice president, chief administrative officer and chief financial officer.
According to Ralph Lauren, Peterson's experience in "strategically transforming business and operating models from regional and market driven organizations to global brands" while working at Procter & Gamble Co. will enable him to play a central leadership role in Ralph Lauren's organizational transformation.
Mitchell Kosh, formerly Ralph Lauren's executive vice president of human resources, has been promoted to the role of executive vice president and chief administrative officer.
Robert Madore has also been promoted. Previously the company's senior vice president of finance, he has been elevated to senior vice president and chief financial officer.
Jackwyn Nemerov will continue to act as president and chief operating officer and a member of the company's board of directors, and Valerie Hermann will continue in her role as president of Ralph Lauren luxury brands.
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