Karl Heinz Salzburger, Vice President & Group President, VF International, to Retire at the End of 2017

国产探花

Aidan O鈥橫eara, President, VF Asia Pacific, Named Successor

GREENSBORO, N.C.--(BUSINESS WIRE)-- VF Corporation (NY撸管网站:VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced that Karl Heinz Salzburger, Vice President & Group President, VF International, will retire at the end of 2017.

Salzburger will remain in his current position through the first quarter of 2017 when he will become a Special Advisor to the Chief Executive Officer, focusing on a successful transition of responsibilities in the company鈥檚 international organization.

鈥淜arl Heinz鈥檚 achievements during his 19 years with VF speak to his extraordinary leadership skills and measurable success in building and growing VF鈥檚 international business, which today represents about 36 percent of VF鈥檚 total global sales,鈥� said Steve Rendle, VF鈥檚 President & Chief Operating Officer. 鈥淗e has been a driving force behind our business expansion throughout Europe, the Middle East, Africa (EMEA) and the Asia-Pacific region. During his nine years as international leader, the business more than doubled in size.鈥�

Rendle continued, 鈥淜arl Heinz led pivotal initiatives for VF International that have positioned our brands for continued success, including establishing our international headquarters in Stabio, Switzerland, in 2013, bringing together hundreds of associates representing dozens of nationalities. His persistent focus on value creation, inspirational leadership, creativity and results orientation will remain as core operating disciplines.鈥�

Aidan O鈥橫eara will assume the role of Vice President & Group President, VF International, effective April 1, 2017, and will serve on the company鈥檚 Operating and Executive Committees, reporting to Rendle. O鈥橫eara was named President of the Asia-Pacific region in 2007, with responsibility to build a new organization in the region and develop a shared infrastructure to support expansion of VF鈥檚 brands. Under his leadership, VF today has an established presence in China and in seven other countries in the region. During the period of O鈥橫eara鈥檚 leadership, VF鈥檚 revenue in the region grew tenfold to more than $1.2 billion, and its workforce grew from 300 employees to nearly 4,000.

O鈥橫eara joined VF in 1992, leading the Wrangler庐 brand business in Ireland, then progressing to Managing Director of Jeanswear for the United Kingdom before becoming leader for VF in northern Europe. He later became President of VF鈥檚 Jeanswear international business.

鈥淥ur international platform is vital to VF鈥檚 continuing success,鈥� Rendle said. 鈥淲e are transforming VF to provide a clear path to growth in a changing global marketplace. From mature markets such as the U.S., Western Europe and Japan, to emerging markets such as Asia, Eastern Europe and South America, we are focused on growth on a global basis. Our international business will play an even greater part in VF鈥檚 next multi-year business strategy.鈥�

To support international growth expectations and to broaden VF鈥檚 regional leadership teams, reporting to O鈥橫eara will be two individual leaders responsible for the EMEA and Asia-Pacific businesses, respectively:

  • Martino Scabbia Guerrini will become President of VF鈥檚 EMEA region, a newly created position in VF鈥檚 management structure. In his current role as President, Sportswear & Jeanswear Brands, EMEA, Scabbia Guerrini oversees the Napapijri庐, Kipling庐, Eastpak庐, Wrangler庐, and Lee庐 brands in the region. During his 10 years at VF, his leadership has played a significant role in building meaningful brand equity and in the ongoing evolution of VF鈥檚 operating infrastructure to support future international growth.
  • Kevin Bailey will become President of VF鈥檚 Asia-Pacific region. As part of the current role as President of VF鈥檚 Action Sports and Outdoor/Action Sports, Canada, Mexico and Central/South America business, Bailey is responsible for the Vans庐 , Eagle Creek庐 and Reef庐 brands. He brings more than 25 years of brand leadership and retail experience to his new role, and was responsible for developing the global brand strategy and overseeing brand marketing and the product line for the Vans庐 brand worldwide. Under Bailey鈥檚 leadership, revenue for the Vans庐 brand more than doubled to $2.2 billion.

Both Scabbia Guerrini and Bailey will serve on VF鈥檚 Operating Committee.

Rendle concluded, 鈥淰F鈥檚 bench of strong and proven leaders runs deep and enables us to manage succession in a thoughtful, planned and seamless way. I鈥檓 very confident that VF鈥檚 international business will continue to thrive and create even higher levels of success for our associates, shareholders, customers and consumers around the world.鈥�

About VF

VF Corporation (NY撸管网站: VFC) is a global leader in the design, manufacture, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company鈥檚 diversified portfolio of powerful brands spans numerous geographies, product categories, consumer demographics and sales channels, giving VF a unique industry position and the ability to create sustainable, long-term growth for our customers and shareholders. The company鈥檚 largest brands are聽The North Face庐,听Vans庐, Timberland庐, Wrangler庐, Lee庐 and Nautica庐. For more information, visit聽.

VF Corporation
Lance Allega, +1-336-424-6082
VP, Investor Relations & Strategic Accounts
or
Fabrizia Greppi, +41 (0)91 649-2071
Senior Director, Corporate Communications, EMEA
or
Craig Hodges, +1-336-424-5636
Senior Director, Corporate Communications

Source: VF Corporation

Released December 7, 2016