NEW YORK--(BUSINESS WIRE)--Feb. 19, 2014--
Ralph Lauren Corporation (NYSE:RL) announced today the appointment
of Valérie Hermann to President of Ralph Lauren Luxury Collections,
effective April 7. In this newly created role, Ms. Hermann will be
responsible for strategy, merchandising, distribution, and overall
expansion of the global luxury businesses, including Men’s and Women’s
Collection brands in apparel, RRL and accessories, as well as
timepieces, fine jewelry, eyewear and fragrance. Ms. Hermann will report
directly to Ralph Lauren, Chairman and Chief Executive Officer (CEO) of
Ralph Lauren Corporation, and will join the Office of the Chairman.
“This is a very exciting moment for our Company,” said Mr. Lauren.
“Luxury epitomizes the aspirational aesthetic of the Ralph Lauren brand,
and we felt that it was time to capitalize on the success we have
achieved by leveraging the collective strengths of our luxury portfolio
and placing them under a single leader. Valérie is an exceptionally
skilled executive with an instinctive ability to marry the commercial
and creative sides of luxury. She has extensive experience working with
many of the leading European fashion houses and is ideally positioned to
work alongside me and the leadership team to accelerate the global
growth and expansion of our luxury business.”
“It is with great excitement and pride that I am joining Ralph Lauren,”
said Ms. Hermann. “I have always admired the extraordinary aura of the
Ralph Lauren brand. It globally exemplifies the essence of elegance and
appeal and stands for everything we admire about America, defining the
standards for luxury and an inimitable way of life that the world
immediately recognizes. I have tremendous respect for Mr. Lauren, and I
am honored to join the Office of the Chairman and to have the
opportunity to work with the incredible team he has assembled.”
Prior to joining the Company, Ms. Hermann was CEO of Reed Krakoff. From
2005-2011, Ms. Hermann served as CEO of Yves Saint Laurent, now called
Saint Laurent Paris. Previously, she worked in various capacities at
LVMH Moët Hennessy Louis Vuitton, including Director of Women's Ready to
Wear at Dior. Ms. Hermann started her career at the Comité Colbert, the
Paris-based luxury goods trade association.
The Office of the Chairman will now be comprised of: Ralph Lauren,
Chairman and CEO; Roger Farah, Executive Vice Chairman; Jackwyn Nemerov,
President and Chief Operating Officer; Chris Peterson, Executive Vice
President, Chief Administrative Officer and Chief Financial Officer;
and, Valérie Hermann, President, Luxury Collections.
ABOUT RALPH LAUREN
Ralph Lauren Corporation (NYSE:RL) is a leader in the design, marketing
and distribution of premium lifestyle products in four categories:
apparel, home, accessories and fragrances. For more than 46 years, Ralph
Lauren's reputation and distinctive image have been consistently
developed across an expanding number of products, brands and
international markets. The Company's brand names, which include Polo
by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection,
Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Ralph
Lauren Childrenswear, Denim & Supply Ralph Lauren, Chaps and ClubMonaco, constitute one of the world's most widely recognized families of
consumer brands. For more information, go to http://investor.ralphlauren.com.
Source: Ralph Lauren Corporation
Ralph Lauren Corporation
Investor Relations
James Hurley,
212-813-7862
or
Corporate Communications
Winnie Lerner,
212-583-2262