Ralph Lauren picks outsider to be next CFO
(Reuters) - Ralph Lauren Corp (RL.N) on Monday named Procter & Gamble Co (PG.N) executive Christopher Peterson its new chief financial officer, effective September 24, after Tracey Travis resigned in July to pursue other interests.
Peterson, 46, was most recently CFO of P&G's global household care division, where he was responsible for strategic planning and financial management of businesses with combined annual revenue of about $45 billion, Ralph Lauren said. He will report to Roger Farah, the apparel maker's president and chief operating officer.
When Ralph Lauren announced Travis' departure in July, the company said it was considering internal and external candidates to fill the CFO role. Robert Madore, senior vice president of finance, has been interim CFO since July 30.
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- UPDATE 2-China bars banks from bitcoin transactions
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Obama says he's not allowed iPhone for 'security reasons'
- JPMorgan warns 465,000 card users on data loss after cyber attack