Names Jane Nielsen Chief Financial Officer; Bill Campbell Corporate
Senior Vice President of Global Supply Chain and Inventory Management;
and Jeffrey Kuster Group President for the Americas
NEW YORK–(BUSINESS WIRE)–Ralph Lauren Corporation (NYSE:RL) today announced three senior
executive appointments to further strengthen its leadership team as part
of its Way Forward Plan.
Jane Nielsen has been named Chief Financial Officer. Ms. Nielsen has a
track record for delivering strong financial results at multi-channel
consumer businesses, most recently at Coach, Inc., where she was
instrumental in its global business transformation as Executive Vice
President and Chief Financial Officer. In an expanded CFO role at Ralph
Lauren, in addition to all Finance functions, she will oversee Store
Operations, Procurement, IT, and Investor Relations. Her appointment is
effective September 6, 2016.
Bill Campbell has been named Corporate Senior Vice President of Global
Supply Chain and Inventory Management. He has been at Amazon Inc. for
the past 11 years in key distribution and logistics leadership roles and
has world-class expertise in managing inventory, improving supply chain
performance and reducing delivery times for customers. He will start at
Ralph Lauren by October 1, 2016.
Jeffrey Kuster has been named Group President for the Americas. Jeff has
deep experience building brands and driving high-quality sales in
leadership roles at HSN, Inc., Fruit of the Loom, Inc. and VF
Corporation. He will oversee all commercial activities for the Americas
region, including Wholesale, Retail, E-Commerce, Factory, Travel Retail
and Latin America. His appointment is effective July 11, 2016.
Ms. Nielsen, Mr. Campbell and Mr. Kuster will all report directly to
Stefan Larsson, President and Chief Executive Officer.
Mr. Larsson said, “We are thrilled to have attracted these three
high-performance leaders – all of whom have best-in-class knowledge that
is directly aligned to our Way Forward Plan. With Jane’s key role as a
change agent at Coach, Bill’s supply chain experience at Amazon, and
Jeff’s track record of building high-quality omnichannel sales for
leading consumer brands, we will be even better positioned to strengthen
our underlying business engines and drive profitable sales and
Robert L. Madore will remain with Ralph Lauren through September 30,
2016 to facilitate a seamless CFO transition.
Mr. Larsson added, “On behalf of the Board of Directors and everyone at
Ralph Lauren, I want to thank Bob for his valuable contributions as CFO
over the last year and as a key member of the finance team over the last
12 years. We wish Bob every success in his future endeavors.”
JANE NIELSEN BIOGRAPHY
Jane Nielsen has been Executive Vice President and Chief Financial
Officer of Coach, Inc. since September 2011. Prior to joining Coach, Ms.
Nielsen was Senior Vice President and Chief Financial Officer of Pepsi
Beverages Americas and Global Nutrition Group. She held various senior
financial positions at PepsiCo, Inc. from 1996 to 2011. From 1990 to
1996, she was with Marakon Associates, a global strategy consulting
firm, after beginning her career in 1986 as an analyst at Credit Suisse
Ms. Nielsen has a B.A. in Economics from Smith College and an M.B.A.
from Harvard Business School. She serves on the Board of Directors of
Pinnacle Foods Inc. where she is Chair of the Compensation Committee and
Member of the Audit Committee.
BILL CAMPBELL BIOGRAPHY
Bill Campbell was most recently Director, European Supply Chain &
Transportation Operations at Amazon. During his 11 years at Amazon, Mr.
Campbell held leadership positions of increasing responsibility within
distribution and logistics, systems and software development and sales
and operations planning. Mr. Campbell previously worked at Intel
Corporation from 1997 to 2005 where he managed factory workers to reduce
inventory levels and drive production efficiencies, and developed
technical tools to automate demand and capacity planning that informed
supply chain decisions.
Mr. Campbell holds a B.S. and an M.S. in Industrial Engineering from
Purdue University and an MBA from the W.P. Carey School of Business at
Arizona State University.
JEFFREY KUSTER BIOGRAPHY
Jeffrey Kuster was most recently President of HSN, Inc.’s Cornerstone
Portfolio, where he oversaw a number of aspirational home and apparel
lifestyle brands, including Frontgate, Ballard Designs, Garnet Hill,
Grandin Road, Chasing Fireflies, Improvements, and TravelSmith. Prior to
joining HSN, Mr. Kuster was Chief Marketing and Strategy Officer at
Berkshire Hathaway’s Fruit of the Loom, where he worked from 2007 to
2014 and held a number of leadership positions managing a portfolio of
iconic brands throughout Europe, including as Fruit of the Loom’s CEO
for EMEA and India. Prior to that, he was with VF Corporation from 2001
to 2007 after four years at McKinsey & Company.
Mr. Kuster holds a B.A. in Economics and International Relations from
Beloit College, and an MBA and MPP from the University of Chicago’s
Graduate School of Business and the Harris School of Public Policy
ABOUT RALPH LAUREN
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design,
marketing and distribution of premium lifestyle products in four
categories: apparel, home, accessories and fragrances. For more than 49
years, Ralph Lauren’s reputation and distinctive image have been
consistently developed across an expanding number of products, brands
and international markets. The Company’s brand names, which include
Ralph Lauren Purple Label, Ralph Lauren Collection, Double RL, Ralph
Lauren Black Label, Polo Ralph Lauren, Polo Sport, Polo Ralph Lauren
Children’s, Ralph Lauren Home, Lauren Ralph Lauren, RLX, Denim & Supply
Ralph Lauren, American Living, Chaps and Club Monaco, constitute one of
the world’s most widely recognized families of consumer brands. For more
information, go to http://investor.ralphlauren.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release and oral statements made from time to time by
representatives of the Company may contain certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements
regarding, among other things, our current expectations about the
Company’s “Way Forward Plan,” and are indicated by words or phrases such
as “anticipate,” “estimate,” “expect,” “project,” “we believe” and
similar words or phrases. These forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements to be materially different
from the future results, performance or achievements expressed in or
implied by such forward-looking statements. Forward-looking statements
are based largely on the Company’s expectations and judgments and are
subject to a number of risks and uncertainties, many of which are
unforeseeable and beyond our control. The factors that could cause
actual results to materially differ are identified in the Company’s
Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with
the Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Ralph Lauren Corporation