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
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Laura Porco has been appointed Senior Vice President, E-Commerce forRalph Lauren North America ; Ms. Porco formerly ran e-commerce forRalph Lauren's Club Monaco brand and was previously withAmazon for 12 years where she led the launch of Kindle Books and MYHABIT.com. -
Galen Hardy will 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 Juarez will assume the role of Senior Vice President, E-Commerce, International; she served as Senior Vice President, E-Commerce, EMEA since 2016 and, prior to joiningRalph Lauren held various senior roles at Amazon UK andDiageo .
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:
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Janet Sherlock , Chief Information Officer, joined the Company in August from Carter’s, where she also served as CIO. -
Cyrus “Cy”
Fenton will be joining Ms. Sherlock’s team as Senior Vice President, IT Security & Infrastructure, Chief Information Security Officer. Mr.Fenton was previously atBooks-A-Million Inc. where he led the omnichannel digital business and oversaw all aspects of information technology.
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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
View source version on businesswire.com: http://www.businesswire.com/news/home/20180124005670/en/
Source:
MEDIA
Ralph Lauren
Katie
Ioanilli, 212-205-5947
Corporate Communications
rl-press@ralphlauren.com