NEW YORK — Ralph Lauren Corp. plans to initiate changes to its leadership team and will create an Office of the Chairman, led by Ralph Lauren, chairman and chief executive officer.
The office will consist of Lauren, Roger Farah, Jackwyn Nemerov and Christopher Peterson.Farah, currently president and chief operating officer, will become executive vice chairman and will cut back on his day to day responsibilities. Nemerov, currently executive vice president, will become president and chief operating officer. Peterson, currently senior vice president and chief financial officer, will become executive vice president and chief administrative officer in addition to his role as cfo.
The Office of the Chairman is being developed to support the company's growth in an increasingly complex global environment and capitalize on new business opportunities.Farah, Nemerov and Peterson will report directly to Lauren. The changes are effective Nov. 1.
"This is the right team to take the company forward and the right time to be making these changes," said Lauren. "I chose Jacki and Chris to work alongside me because their outstanding leadership skills, unrelenting focus on performance and broad, global experience will improve our ability to take advantage of the tremendous opportunities ahead….They will work with Roger and me as partners to shape the future of the company."
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)