Steve Rendle to Become CEO of VF Corporation on January 1, 2017
October 05 2016 - 8:30AM
Business Wire
Current CEO Eric Wiseman to Remain Executive
Chairman
The Board of Directors of VF Corporation (NYSE: VFC), a global
leader in branded lifestyle apparel, footwear and accessories,
today announced that President & Chief Operating Officer Steven
E. Rendle will become the company’s Chief Executive Officer,
effective Jan. 1, 2017. Rendle, 57, will succeed CEO Eric C.
Wiseman who will continue to serve as Executive Chairman of VF’s
Board of Directors.
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Steve Rendle to Become CEO of VF
Corporation on January 1, 2017 (Photo: Business Wire).
As President & CEO, Rendle will have responsibility for VF’s
strategic direction, successful implementation and achievement of
its near- and long-term growth plan, and day-to-day global
operations. “Steve is the right person to serve as VF’s next CEO as
we begin our 118th year of business,” Wiseman said. “As you’d
expect of VF, and with full credit to our Board of Directors, we
have a long-standing, rigorous and successful approach to
succession planning. We’ve been working since 2008 to identify and
prepare the right person to succeed me when the time comes. That
time is now.”
As Executive Chairman, Wiseman, 60, will continue to lead the VF
Board of Directors and work with Rendle to ensure the transition is
successful. “It has been an honor to serve this company for more
than 20 years, and a privilege to have been CEO for the past nine
years,” Wiseman continued. “We have a powerful business model and
an amazing team that’s delivered outstanding long-term results for
our shareholders. I’ve known and worked closely with Steve for the
last 16 years. Along the way, he has been deeply involved in every
aspect of the business, and he’s clearly ready for this role.”
As President & Chief Operating Officer, Rendle has overseen
all of VF's business coalitions worldwide: Outdoor & Action
Sports, Jeanswear, Imagewear and Sportswear. He’s been responsible
for VF's global Supply Chain and Direct-to-Consumer platforms. He
has been a member of VF's Board of Directors since June, 2015.
Rendle has more than 30 years of experience in the specialty
outdoor and action sports industry, 16 of which have been with VF.
Previously, he spent three years as Vice President, VF Corporation
and Group President, Outdoor & Action Sports Americas, leading
VF's Outdoor & Action Sports Americas businesses in North and
South America. He also served as President of VF Outdoor Americas,
where he oversaw The North Face®, JanSport®, Eagle Creek® and lucy®
brands, as well as business development for the coalition. From
2004 to 2011, he served as President of The North Face® brand. He
began his career with The North Face® brand in 1999.
Rendle earned a B.S. degree in Kinesiology from the University
of Washington. He serves on the Board of Directors of Advanced
Functional Fabrics of America, Inc. (AFFOA), an organization
working to enable a manufacturing-based approach to transforming
traditional fibers, yarns, and fabrics into highly sophisticated,
integrated and networked devices and systems. Rendle is a founding
board member of the Outdoor Industry Association's Outdoor
Foundation. He has also served in an advisory capacity to
Bainbridge Graduate Institute and provided insight into its
creation of an M.B.A. program concentration focused on
sustainability. Rendle was honored with The Mountain Institute's
annual Exemplary Corporate Stewardship of Mountains award in
2007.
About VF
VF Corporation (NYSE: VFC) is a global leader in the design,
manufacture, marketing and distribution of branded lifestyle
apparel, footwear and accessories. The company’s diversified
portfolio of powerful brands spans numerous geographies, product
categories, consumer demographics and sales channels, giving VF a
unique industry position and the ability to create sustainable,
long-term growth for our customers and shareholders. The company’s
largest brands are The North Face®, Vans®, Timberland®,
Wrangler®, Lee® and Nautica®. For more information,
visit www.vfc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161005005135/en/
VF CorporationLance Allega, 336-424-6082VP, Investor Relations
& Strategic AccountsorCraig Hodges, 336-424-5636Senior
Director, Corporate Communications
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