Coach CFO Nielsen to Leave; Search Commencing for Successor
June 08 2016 - 3:30PM
Business Wire
Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design
house of modern luxury accessories and lifestyle brands, today
announced that the company’s Chief Financial Officer, Jane Hamilton
Nielsen, has advised she will be departing the company to pursue
another opportunity. In order to facilitate a smooth transition,
Ms. Nielsen is expected to stay into August 2016. The company is
commencing a search for her permanent successor with Crist Kolder
Associates and it is the company’s intention that Andrea Shaw
Resnick, Global Head of Investor Relations and Corporate
Communications would be appointed interim CFO until a permanent
appointment is made.
“During her tenure, Jane has played an important role as our
leadership team’s finance partner and we wish her the best of luck
as she embarks on her next chapter,” said Victor Luis, Chief
Executive Officer of Coach, Inc. “In addition, we are delighted to
announce our intention to have Andrea, a seasoned Coach veteran
with more than 30 years of finance experience, assume the position
of interim CFO. Andrea has been a great partner to me personally,
and she has a unique and unparalleled understanding of the company,
initially joining Coach in 2000, during our IPO.”
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 press release contains forward-looking statements based on
management's current expectations. These statements can be
identified by the use of forward-looking terminology such as “may,”
“will,” “should,” “expect,” “intend,” “ahead,” “estimate,” “on
track,” “on course,” “forward to,” “future,” “to lead,” “to stay,”
“to leave,” “to provide,” “to delivering,” “remains,” “to build,”
“to drive,” “believe,” “to reinvigorate,” “to achieve,” “to
enable,” “return to,” “to execute,” “are positioned to,”
“continue,” “project,” “guidance,” “target,” “forecast,”
“anticipated,” 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/20160608006135/en/
CoachAnalysts & Media:Andrea Shaw ResnickGlobal Head of
Investor Relations and Corporate
Communications212/629-2618orChristina ColoneDirector, Investor
Relations212/946-7252
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