Ralph Lauren Corp (RL.N)
Ralph Lauren Corp named a Vice Media executive to the newly created role of chief marketing officer and hired Tom Ford International's chief operating officer as a brand president, weeks after the surprise resignation of CEO Stefan Larsson.
Feb 16 Ralph Lauren Corp named a Vice Media executive to the newly created role of chief marketing officer and hired Tom Ford International's chief operating officer as a brand president, weeks after the surprise resignation of CEO Stefan Larsson.
Feb 16 Ralph Lauren Corp named Vice Media executive Jonathan Bottomley in the newly created role of chief marketing officer, weeks after Chief Executive Stefan Larsson stepped down following differences with founder Ralph Lauren.
* as a result of Larsson agreement, expects to incur total estimated charges of about $20 million over course of Q4 and Q1 - sec filing
Ralph Lauren Corp said Chief Executive Stefan Larsson, hired over a year ago to turn the company around, would step down following differences with founder Ralph Lauren over the direction of the luxury brand.
* Shares hit 6-yr low of $76.86 (Adds source comment, updates shares)
* Ralph Lauren - according to agreement with outgoing CEO Larsson, he will provide transition services to company
* Q3 earnings per share view $1.64 -- Thomson Reuters I/B/E/S
* Company will conduct ceo search; execution of way forward plan will continue
Feb 2 Ralph Lauren Corp said Stefan Larsson, its chief executive for just over a year, will step down on May 1 following disagreements with chairman Ralph Lauren over the direction of the company.
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