Steven Murphy has resigned as a director of Ralph Lauren Corp. after more than nine years of service to advise the company on strategic and other business matters.
“Steven has been a highly valued member of our board of directors and provided us with extensive insight and guidance during his tenure,” said Ralph Lauren, chairman and chief executive officer of the firm. “On behalf of the entire board of directors, we thank Steven for his many years of dedicated service and looking forward to working with him in a new capacity.”
Murphy was ceo of Christie’s International plc from September 2010 through December 2014 after serving for seven years as president and ceo of Rodale Inc. He joined Rodale in 2000 as president and chief operating officer.
Ralph Lauren has in the last few months been modifying its corporate structure into a new global brand management arrangement. This week, it reported a 19 percent decline in fourth-quarter net income, finishing the year with a 9.5 percent decline in net profits. Net revenues were up 1 percent to $1.89 billion in the quarter and were up 2.3 percent for the year to $7.62 billion.