Thomas J. Edwards Jr., 52, has been named executive vice president, chief financial officer, chief operating officer and treasurer of Michael Kors Holdings Ltd., effective immediately.
He succeeds Joseph B. Parsons, who is retiring after 13 years with the company. He will remain with the firm through Aug. 1 in his current role.
Most recently, Edwards was executive vice president and cfo of Brinker International, a casual dining restaurant company, since March 2015. Before that, he held numerous posts within finance at Wyndham Worldwide from 2007 to 2015, including executive vice president and cfo of the Wyndham Hotel Group from March 2013 to March 2015. Earlier he was vice president, consumer innovation and marketing services at Kraft Foods and vice president, finance at Nabisco Food Service Co.
John D. Idol, chairman and chief executive officer, said Edwards will oversee responsibilities for global finance, operations and IT.
“Tom is a veteran in the global consumer-goods industry and a proven financial and operational leader. He will be instrumental to us as we continue to execute on our key growth and operational initiatives as well as drive value for our shareholders.”
Thomas J. Edwards Jr.
Edwards said, “I look forward to working with John [Idol], Michael and the rest of the management team as Michael Kors continues to execute on its long-term strategic plan.”
Acknowledging the “significant contributions” that Parsons made during his tenure, Idol said, “Over the last 13 years, Joe has been an integral member of the management team, helping to lead our company from approximately $17 million in revenues in 2003 to more than $4 billion in revenues today, and to become a leading global luxury fashion house.”