Coach Appoints Kevin G. Wills Chief Financial Officer
January 04 2017 - 6:45AM
Business Wire
Coach, Inc. (NYSE: COH) (SEHK: 6388), a leading New York design
house of modern luxury accessories and lifestyle brands, today
announced the appointment of Kevin G. Wills as Chief Financial
Officer, effective no later than March 2017.
Mr. Wills joins Coach from AlixPartners LLP, a global business
advisory firm, where he has served as Managing Director and Chief
Financial Officer since March 2014. At AlixPartners, Mr. Wills is
responsible for all financial management, capital restructuring and
mergers and acquisitions. Prior to AlixPartners, Mr. Wills was
Executive Vice President and Chief Financial Officer of Saks
Incorporated, owner of the Saks Fifth Avenue, Saks.com and Off 5th
franchises, where he worked for nearly 16 years in various finance,
strategic-planning, administration and operations positions. He
also played an instrumental role in Saks’ sale to Hudson’s Bay
Company (TSX: HBC). Before joining Saks Inc., Mr. Wills served as
Vice President and Controller for Tennessee Valley Authority, an
energy producer. Mr. Wills started his career in 1988 as a Business
Assurance Manager for Coopers and Lybrand (now known as PwC), an
accounting and financial services firm. He has a BS in Business
Administration from Tennessee Technological University and is a
Certified Public Accountant. In addition, Mr. Wills is currently
Chairman of the Board of Healthways, Inc. (NASDAQ: HWAY), where he
has been a Director since 2012.
“Kevin brings nearly 30 years of broad-based and relevant retail
and finance experience to Coach. His expertise and strong
operational track record make him a valuable addition to the
leadership team,” said Victor Luis, Chief Executive Officer of
Coach, Inc. “As we continue to execute our transformation plan, I
have confidence that in Kevin we are adding a proven strategic
business partner who will be an important part of Coach, Inc.’s
next chapter of growth as a multi-brand company.”
“I am delighted to join Coach, an exceptional company with
strong global brands and a disciplined focus on financial results.
I very much look forward to playing a key role as the firm executes
its long-term global growth strategy,” said Mr. Wills.
Mr. Wills replaces Jane Nielsen, who departed from Coach in
August 2016. Andrea Shaw Resnick, who has held the position of
Interim CFO since that time, will continue as Global Head of
Investor Relations and Corporate Communications. "Andrea is a
proven leader who ensured that we didn’t miss a beat during her
time as interim CFO. Our entire leadership team appreciates her
important and ongoing contributions to Coach, Inc.," added Mr.
Luis.
Coach, Inc. is a leading New York design house of modern luxury
accessories and lifestyle brands. The Coach brand was established
in New York City in 1941, and has a rich heritage of pairing
exceptional leathers and materials with innovative design. Coach is
sold worldwide through Coach stores, select department stores and
specialty stores, and through Coach’s website at www.coach.com. In
2015, Coach acquired Stuart Weitzman, a global leader in designer
footwear, sold in more than 70 countries and through its website at
www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the
New York Stock Exchange under the symbol COH and Coach’s Hong Kong
Depositary Receipts are traded on The Stock Exchange of Hong Kong
Limited under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to,
or for the account of, a U.S. Person (within the meaning of
Regulation S under the Securities Act), absent registration or an
applicable exemption from the registration requirements. Hedging
transactions involving these securities may not be conducted unless
in compliance with the Securities Act.
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, statements that can be identified by the use of
forward-looking terminology such as "may," "will," “can,” "should,"
"expect," "intend," "estimate," "continue," "project," "guidance,"
"forecast," "anticipated," “moving,” “leveraging,” “targeting,”
“assume,” “plan,” “pursue,” “look forward to,” “on track to
return,” “to achieve” 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,
etc. Please refer to Coach, Inc.’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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170104005139/en/
CoachAnalysts & Media:Andrea Shaw Resnick,
212/629-2618Interim Chief Financial OfficerGlobal Head of Investor
Relations and Corporate CommunicationsorChristina Colone,
212/946-7252Senior Director, Investor Relations
Tapestry (NYSE:TPR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Tapestry (NYSE:TPR)
Historical Stock Chart
From Apr 2023 to Apr 2024