Ralph Lauren President to Leave Company at the End of September

Date : 07/19/2019 @ 10:32PM
Source : Dow Jones News
Stock : Ralph Lauren Corporation (RL)
Quote : 98.6  2.13 (2.21%) @ 9:02PM
After Hours
Last Trade
Last $ 98.60 ◊ 0.00 (0.00%)

Ralph Lauren President to Leave Company at the End of September

Ralph Lauren (NYSE:RL)
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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.

 

Write to Michael Tobin at michael.tobin@wsj.com

 

(END) Dow Jones Newswires

July 19, 2019 17:17 ET (21:17 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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