Ralph Lauren's Executive Vice Chairman Retires
Ralph Lauren Corporation announced that Roger Farah, Executive Vice Chairman, will retire from the Company at the end of May. Mr. Farah will remain on the Company's Board of Directors until the expiration of his term on the date of the Company's 2014 Annual Meeting of Stockholders in August 2014.
"Roger is a spectacular leader, trusted advisor and a good friend," said Ralph Lauren, Chairman and Chief Executive Officer. "I am tremendously grateful for his important contributions to the growth of this Company. During his tenure, Roger helped us assume direct control of our most strategically important regions and merchandise categories, evolving our Company into a highly profitable, global business. He's cultivated an impressive team of leaders who are ready to build on the strong foundation he has established. I wish Roger and his family all the best."
Mr. Farah commented, "The last fourteen years have been among the most rewarding of my career. It has been an Honor to work with Ralph and the team. I am very proud of what we accomplished, and I am excited to watch the Company evolve as it pursues its many compelling growth opportunities. I am confident that the leadership team, under Ralph's guidance and vision, is well prepared to execute the next phase of the Company's development and continue to create significant value for its shareholders."
Following Mr. Farah's retirement from Ralph Lauren, the Company's Office of the Chairman will be comprised of: Ralph Lauren, Chairman and Chief Executive Officer; Jacki Nemerov, President and Chief Operating Officer; Chris Peterson, Executive Vice President, Chief Administrative Officer and Chief Financial Officer; and, Valérie Hermann, President, Ralph Lauren Luxury Collections.