North Face Owner VF Corp. CEO to Leave Helm

By Joshua Jamerson

Appeal conglomerate VF Corp. said Chief Executive Eric Wiseman would depart from the role at year's end, and it named a company veteran to run the owner of brands such as North Face and Timberland.

Chief Operating Officer Steven Rendle will succeed Mr. Wiseman, effective Jan. 1.

Mr. Wiseman, 60 years old, said the board has been working to tap "the right person to succeed me when the time comes. That time is now." He was CEO for nine years, and he will remain executive chairman after he leaves the helm of the company.

Mr. Rendle, 57, has spent 16 years with VF. He previously oversaw North Face, JanSport, Eagle Creek and Lucy brands.

VF struggled with tepid revenue growth recently, and the company in July cut its earnings outlook for the year. Mr. Wiseman cited at the time a "challenging environment with mixed economic and currency conditions around the world." The company has been pressured by falling traffic at U.S. department stores and outlets.

Write to Joshua Jamerson at joshua.jamerson@wsj.com

(END) Dow Jones Newswires

October 05, 2016 10:19 ET (14:19 GMT)

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