People: Michael Kors Holdings Ltd (KORS.K)

KORS.K on New York Consolidated

89.93USD
17 Apr 2014
Price Change (% chg)

$-0.18 (-0.20%)
Prev Close
$90.11
Open
$90.05
Day's High
$91.15
Day's Low
$89.09
Volume
1,786,635
Avg. Vol
3,202,816
52-wk High
$101.04
52-wk Low
$51.63

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Summary

Name Age Since Current Position

John Idol

54 2011 Chairman of the Board, Chief Executive Officer

Michael Kors

53 Honorary Chairman, Chief Creative Officer

Joseph Parsons

60 Chief Financial Officer, Chief Operating Officer, Executive Vice President, Treasurer

Lee Sporn

53 Senior Vice President - Business Affairs, General Counsel, Secretary

Britton Russell

45 2012 Senior Vice President - Global Operations

Silas Chou

66 Director

Lawrence Strulovitch

53 Director

M. William Benedetto

72 2011 Independent Director

Judy Gibbons

57 2012 Independent Director

Ann Korologos

71 2013 Independent Director

Stephen Reitman

65 2011 Independent Director

Jean Tomlin

58 2013 Independent Director

Biographies

Name Description

John Idol

Mr. John D. Idol is Chairman of the Board, Chief Executive Officer of Michael Kors Holdings Ltd. He has been the Chairman of Michael Kors since September 2011 and the Chief Executive Officer and a director since December 2003. Previously, from July 2001 until July 2003, Mr. Idol served as Chairman and Chief Executive Officer and a director of Kasper ASL, Ltd., whose lines included the Anne Klein brand. Prior to that, from July 1997 until July 2001, Mr. Idol served as Chief Executive Officer and a director of Donna Karan International Inc. Prior thereto, from 1994 until 1997, Mr. Idol served as Ralph Lauren’s Group President and Chief Operating Officer of Product Licensing, Home Collection and Men’s Collection.

Michael Kors

Mr. Michael Kors is Honorary Chairman, Chief Creative Officer of Michael Kors Holdings Ltd. Mr. Kors studied fashion design at the Fashion Institute of Technology in Manhattan and in 1981 created what has become an enduring and iconic luxury lifestyle empire with a distinctive point of view and global reach. He held first runway show in 1984 for the Michael Kors fall collection and has built the Company into a global luxury lifestyle brand. Mr. Kors has been the recipient of numerous industry awards including the CFDA Womenswear Designer of the Year in 1999 and Menswear Designer of the Year in 2003. Amongst his other accolades, Mr. Kors has been awarded The Accessories Council ACE Award for Designer of the Year in 2006 and Fashion Group International’s Star Honoree at its annual Night of Stars Awards in 2009. In 2010, the CFDA acknowledged Mr. Kors with their most prestigious honor, the Lifetime Achievement Award. He received the Award of Courage from the American Foundation for AIDS Research (amfAR) in 2011. In addition to all of these accomplishments, from 1998 to 2004 Mr. Kors served as creative director of Celine, the French luxury brand. Mr. Kors has been a judge on the Emmy-nominated reality show Project Runway since 2004.

Joseph Parsons

Mr. Joseph B. Parsons is Chief Financial Officer, Chief Operating Officer, Executive Vice President, Treasurer of Michael Kors Holdings Ltd. He has been with the Company since January 2004. Previously, from March 2002 until December 2003, Mr. Parsons served as Executive Vice President and Chief Financial Officer of Kasper ASL, Ltd. Prior to that, until October 2001, Mr. Parsons served as Executive Vice President and Chief Financial Officer of Donna Karan International Inc., where he had been employed in various roles since 1993. Prior thereto, Mr. Parsons served as Assistant Controller for Crystal Brands, Inc. from 1989 to 1993.

Lee Sporn

Mr. Lee S. Sporn is Senior Vice President - Business Affairs, General Counsel, Secretary of Michael Kors Holdings Ltd. He has been with the Company since December 2003. Previously, from September 2001 until December 2003, Mr. Sporn served as Senior Vice President, General Counsel and Secretary of Kasper ASL, Ltd. Prior to that, until September 2001, Mr. Sporn served as Vice President of Intellectual Property and Associate General Counsel of Polo Ralph Lauren Corp., where he had been employed in roles since 1990.

Britton Russell

Mr. Britton Russell is Senior Vice President - Global Operations of Michael Kors Holdings Ltd. Previously from 2009 to 2012, Mr. Russell served as Vice President, Sourcing and Manufacturing and then Vice President, Operations at Mexx in The Netherlands. From 1994 to 2005 and then from 2006 to 2009, Mr. Russell held various positions at Kurt Salmon Associates, a global management consulting firm, including leadership roles for their practices in Japan and China, most recently as a Principal in Shanghai. Mr. Russell has also held various production and sourcing roles at The Home Depot and Nike.

Silas Chou

Mr. Silas K. F. Chou is Director of Michael Kors Holdings Ltd. He is Co-Chairman of Sportswear Holdings Limited, a global private equity company established in 1989 by Mr. Chou and Mr. Lawrence Stroll. Since its founding, Sportswear Holdings has acquired and developed several global lifestyle brands, including Tommy Hilfiger, Pepe Jeans and Michael Kors. Sportswear Holdings’ current holdings include interests in Michael Kors, Michael Kors Far East, Tommy Hilfiger Asia, Karl Lagerfeld, Pepe Jeans and Hackett. Prior to forming Sportswear Holdings, Mr. Chou and Mr. Stroll owned and operated Poloco S.A., the European licensee for Polo Ralph Lauren apparel. Mr. Chou is Chief Executive Officer of Novel Holdings, a Hong Kong based group that includes South Ocean Knitters, one of the world’s textile and apparel manufacturers, as well as a diversified investment business with dedicated investment teams focused on Asian real estate and global private equity, technology and life sciences. Prior thereto, Mr. Chou was a director of Tommy Hilfiger Corporation, and he served as its Chairman and then Co-Chairman, from 1989 to 2002.

Lawrence Strulovitch

Mr. Lawrence S. Strulovitch is Director of Michael Kors Holdings Ltd. He is Co-Chairman of Sportswear Holdings Limited, a global private equity company established in 1989 by Mr. Stroll and Mr. Silas Chou. Since its founding, Sportswear Holdings has acquired and developed several global lifestyle brands, including Tommy Hilfiger, Pepe Jeans and Michael Kors. Sportswear Holdings’ current holdings include interests in Michael Kors, Michael Kors Far East, Tommy Hilfiger Asia, Karl Lagerfeld, Pepe Jeans and Hackett. Prior to forming Sportswear Holdings, Mr. Stroll and Mr. Chou owned and operated Poloco S.A., the European licensee for Polo Ralph Lauren apparel, for which Mr. Stroll served as Chief Executive Officer. From April 2007 until September 2011, Mr. Stroll served as the Co-Chairman of Hackett Ltd. Mr. Stroll has served as a director of Michael Kors since January 2003 and was its Co-Chairman from January 2003 to September 2011. Prior thereto, Mr. Stroll served as Co-Chairman of Tommy Hilfiger Corporation from 1998 to 2002 and as a director from 1992 to 2002, as well as Chief Executive Officer of Pepe Jeans London Corporation from 1993 to 1998.

M. William Benedetto

Mr. M. William Benedetto is Independent Director of Michael Kors Holdings Ltd. Mr. Benedetto is a co-founder and chairman emeritus of The Benedetto Gartland Group, a boutique investment bank founded in 1988 that specializes in raising equity capital for private equity firms and providing other investment banking services. From 1983 to 1988, Mr. Benedetto served as executive vice president, director and manager of Dean Witter Reynolds, Inc.’s Investment Banking Division, and previously served as an executive in the financial services industry since 1978. From 1980 to 1983, Mr. Benedetto served as head of corporate finance for Warburg, Paribas Becker. Mr. Benedetto was lead director of Donna Karan International from 1996 to 2001 and chaired its audit and compensation committees. Mr. Benedetto was a member of the board of directors of Georgetown University, as well as the chairman of its board of regents until June 30, 2010. Mr. Benedetto is a director of FidelisCare, a not-for-profit healthcare insurance company.

Judy Gibbons

Ms. Judy Gibbons is Independent Director of Michael Kors Holdings Limited. She has over 25 years experience in software, Internet, digital media, e-commerce and mobile technologies. From 2005 until 2010, Ms. Gibbons was employed by Accel Partners in Europe as a venture partner and board member, focusing primarily on early stage equity investments across mobile applications, digital advertising, e-commerce and social media. Prior to joining Accel Partners, Judy was Corporate Vice President at Microsoft where she spent ten years in international leadership roles in the company's Internet division. Previously she has held senior positions at Apple Inc. and Hewlett Packard. Ms. Gibbons currently serves as a non-executive director of Hammerson plc and Guardian Media Group plc. She is also a director of Virgin Money Giving, a not-for-profit company within the Virgin group.

Ann Korologos

Ms. Ann McLaughlin Korologos is Independent Director of Michael Kors Holdings Limited. She is a former U.S. Secretary of Labor with experience in the areas of international markets, marketing, regulatory and government affairs, policy making and corporate governance. She is Chairman Emeritus of The Aspen Institute, a nonprofit organization, and previously served as the Chairman of the Board of Trustees of the RAND Corporation from April 2004 to April 2009. Ms. Korologos has public company board experience and currently serves as a director of AMR Corporation (and its subsidiary, American Airlines), Kellogg Company, Host Hotels & Resorts, Inc., Harman International Industries, Inc. and Vulcan Materials Company.

Stephen Reitman

Mr. Stephen F. Reitman is Independent Director of Michael Kors Holdings Ltd. Mr. Reitman has served on the board of directors of Reitmans (Canada) Limited, a specialty ladies’ wear retailer based in Canada, since 1984. From 1984 until June 2010, Mr. Reitman served as Executive Vice President and Chief Operating Officer of Reitmans (Canada) Limited, and in June 2010 he was appointed President and Chief Operating Officer. Mr. Reitman also currently serves on the board of directors of Celio International S.A., a privately-held European apparel retailer, and Simone Perele Canada Ltd., a wholly owned subsidiary of Simone Perele S.A. Mr. Reitman received his MBA from the Wharton School of the University of Pennsylvania in 1971.

Jean Tomlin

Ms. Jean Tomlin is Independent Director of Michael Kors Holdings Limited. She has over 35 years experience in human resources, employee relations, training and development. Since 2006, Ms. Tomlin has served as Director, Human Resources of the London Organising Committee of the Olympic and Paralympic Games. Previously, she was the Director, Human Resources of Marks & Spencer plc, a British retailer. Ms. Tomlin also spent 15 years at Prudential plc and nine years at Ford Motor Company in the UK in various human resources management positions. Currently, Ms. Tomlin also serves as a director of J. Sainsbury plc.

Basic Compensation

Name Fiscal Year Total

John Idol

7,568,550

Michael Kors

7,603,020

Joseph Parsons

1,257,350

Lee Sporn

932,350

Britton Russell

585,688

Silas Chou

--

Lawrence Strulovitch

--

M. William Benedetto

--

Judy Gibbons

--

Ann Korologos

--

Stephen Reitman

--

Jean Tomlin

--
As Of 30 Mar 2013

Options Compensation

Name Options Value

John Idol

779,311 37,401,500

Michael Kors

0 0

Joseph Parsons

1,055,841 52,950,500

Lee Sporn

522,048 25,019,600

Britton Russell

0 0

Silas Chou

0 0

Lawrence Strulovitch

0 0

M. William Benedetto

0 0

Judy Gibbons

0 0

Ann Korologos

0 0

Stephen Reitman

0 0

Jean Tomlin

0 0
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