Ralph Lauren (NYSE:RL)
Historical Stock Chart
6 Months : From Apr 2019 to Oct 2019
By Michael Tobin
Ralph Lauren Corp. (RL) said Friday that its President Valérie Hermann will be leaving the company effective Sept. 30. The fashion company didn't name her successor or mention a search to find one.
Ralph Lauren entered into a separation agreement with Ms. Hermann, who will receive $2.9 million, paid in the form of salary continuation over a one-year period and in the form of two lump sums. Ms. Hermann will also receive her yearly bonus for the 2020 fiscal year and the company will provide up to $300,000 to compensate her and her family's move to Paris, France.
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(END) Dow Jones Newswires
July 19, 2019 17:17 ET (21:17 GMT)
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