Tapestry Inc.
Tapestry Appoints New Board Members Kevin Hourican and David Elkins
Summary
On February 29, 2024, Tapestry, Inc. expanded its Board of Directors from nine to eleven members by appointing Kevin Hourican, President and CEO of Sysco Corporation, and David Elkins, Executive Vice President and CFO of Bristol Myers Squibb. Both appointees will receive an annual cash retainer of $100,000 and an annual equity grant with a grant date fair market value of $170,000, in addition to initial equity grants of $170,000 each. Hourican will join the Human Resources Committee, and Elkins will join the Audit Committee.
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About Tapestry Inc.
Tapestry Inc., a prominent holding company in the fashion industry, manages luxury brands known for their upscale accessories, footwear, and apparel. Its portfolio includes celebrated names such as Coach, Kate Spade, and Stuart Weitzman, each with their unique style and market appeal. Tapestry's primary function is to oversee the growth and strategic direction of these brands, facilitating their global reach and market penetration. By focusing on design innovation and customer engagement, Tapestry maintains its influence in the luxury goods sector, appealing to a wide demographic interested in fashion-forward and high-quality products. The company places a strong emphasis on brand differentiation and enhancing customer experiences across digital and physical retail platforms. With its headquarters in New York City, Tapestry Inc. is a significant player in the retail industry, showcasing the value and trends of luxury consumer goods while striving for sustainability and social responsibility as part of its corporate ethos.
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