Ralph Lauren Corporation Strengthens Digital Capabilities
Senior Talent Appointments, including Chief Digital Officer, to Drive Expansion of the Company’s Digital Presence Globally
“We are moving urgently to expand our digital presence all over the world and bringing in the right senior talent to help us deliver,” said Louvet. “We have to meet consumers where they are, which is increasingly online, and digital expansion is one critical way we will drive new growth for our iconic business and brand.”
Ms. Delahunt joins
The Company has also appointed new senior leaders to support its
evolution across e-commerce in
Laura Porcohas been appointed Senior Vice President, E-Commerce for Ralph Lauren North America; Ms. Porco formerly ran e-commerce for Ralph Lauren'sClub Monaco brand and was previously with Amazonfor 12 years where she led the launch of Kindle Books and MYHABIT.com.
Galen Hardywill take on the role of Senior Vice President, Club Monaco E-Commerce & Business Operations, joining the Company from Zappos where he oversaw Apparel Merchandising, owning the growth and direction of Zappos.com’s clothing business.
Valeria Juarezwill assume the role of Senior Vice President, E-Commerce, International; she served as Senior Vice President, E-Commerce, EMEA since 2016 and, prior to joining Ralph Laurenheld various senior roles at Amazon UK and Diageo.
To support Ralph Lauren’s global digital expansion, strong core technology and infrastructure are critical, and the Company continues to strengthen the senior leadership across its Information Technology organization as well:
Janet Sherlock, Chief Information Officer, joined the Company in August from Carter’s, where she also served as CIO.
Fentonwill be joining Ms. Sherlock’s team as Senior Vice President, IT Security & Infrastructure, Chief Information Security Officer. Mr. Fentonwas previously at Books-A-Million Inc.where he led the omnichannel digital business and oversaw all aspects of information technology.
SPECIAL NOTE REGARDING FORWARD-LOOKING
This press release and oral statements made from time to time by representatives of the Company contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results and financial condition, revenues, store openings and closings, employee reductions, margins, expenses and earnings and are indicated by words or phrases such as "anticipate," "estimate," "expect," "project," "we believe" and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results to materially differ include, among others: the loss of key personnel, including Mr. Ralph Lauren, or other changes in our executive and senior management team or to our operating structure, and our ability to effectively transfer knowledge during periods of transition; our ability to successfully implement our Way Forward Plan and long-term growth strategy, which entails evolving our operating model to enable sustainable, profitable sales growth by significantly reducing supply chain lead times, employing best-in class sourcing, and capitalizing on our repositioning initiatives in certain brands, regions, and merchandise categories; our ability to achieve anticipated operating enhancements and/or cost reductions from our restructuring plans, which could include the potential sale, discontinuance, or consolidation of certain of our brands; the impact to our business resulting from potential costs and obligations related to the early termination of our long-term, non-cancellable leases; our efforts to improve the efficiency of our distribution system and to continue to enhance, upgrade, and/or transition our global information technology systems and our global e-commerce platform; our ability to secure our facilities and systems and those of our third-party service providers from, among other things, cybersecurity breaches, acts of vandalism, computer viruses, or similar Internet or email events; our exposure to currency exchange rate fluctuations from both a transactional and translational perspective; the impact to our business resulting from increases in the costs of raw materials, transportation, and labor; our ability to continue to maintain our brand image and reputation and protect our trademarks; the impact to our business resulting from the
Katie Ioanilli, 212-205-5947