Coach Appoints Gebhard Rainer as President and Chief Operating Officer
09 Septiembre 2014 - 6:00AM
Business Wire
Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design
house of modern luxury accessories and lifestyle collections, today
announced the appointment of Gebhard Rainer, as President and Chief
Operating Officer, effective September 29, 2014.
Mr. Rainer joins Coach from Hyatt Hotels Corporation, where he
most recently held the position of Executive Vice President
and Chief Financial Officer. Previously, Mr. Rainer served as
Managing Director for Hyatt International Europe, Africa and Middle
East (EAME) LLC from January 2007 to August 2012 overseeing all
aspects of the company’s business in the region. Mr. Rainer has
more than 30 years of experience in progressively more senior
operating and finance roles, and has extensive international
experience, having lived in the Caribbean, the Middle East, Eastern
Europe, Western Europe, and the United States.
“Gebhard’s talent and outstanding operational track record make
him a strong addition to the Coach management team,” said Victor
Luis, Chief Executive Officer of Coach, Inc. “He is highly regarded
for his strategic focus, team leadership, keen analytical and
technical skills and exceptional business acumen. His experience in
driving transformation and brand building for a high touch
experiential consumer business make him uniquely qualified to build
upon the foundation that we’ve created at Coach. We expect that
Gebhard’s operational stewardship will be invaluable as we execute
our long- term strategic plan to reinvigorate the Coach brand and
return to best-in-class profitability.”
“Coach is an exceptional company and brand I’ve long admired,
with a history of successful reinvention, strong business results
and delivery of shareholder value. I look forward to contributing
to its continued operational excellence and partnering with the
entire leadership team,” said Mr. Rainer.
Mr. Rainer is filling a position that has been vacant since
September 2013. As Chief Operating Officer, he will have
responsibility for Finance, Information Systems, Logistics,
Operations and Production.
Coach, with headquarters in New York, is a leading design house
of modern luxury accessories and lifestyle collections. Coach is
sold worldwide through Coach stores, select department stores and
specialty stores, and through Coach’s website at www.coach.com.
Coach’s common stock is traded on the New York Stock Exchange under
the symbol COH and Coach’s Hong Kong Depositary Receipts are traded
on The Stock Exchange of Hong Kong Limited under the symbol
6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), and may not be offered or sold in the United States or to,
or for the account of, a U.S. Person (within the meaning of
Regulation S under the Securities Act), absent registration or an
applicable exemption from the registration requirements. Hedging
transactions involving these securities may not be conducted unless
in compliance with the Securities Act.
This press release contains forward-looking statements based on
management’s current expectations. These statements can be
identified by the use of forward-looking terminology such as “may,”
“will,” “should,” “expect,” “intend,” “ahead,” “estimate,” “on
track,” “on course,” “forward to,” “future,” “to lead,” “to
provide,” “to delivering,” “believe,” “to reinvigorate,” “to
achieve,” “to enable,” “return to,” “to execute,” “are positioned
to,” “continue,” “project,” “guidance,” “target,” “forecast,”
“anticipated,” or comparable terms. Future results may differ
materially from management’s current expectations, based upon risks
and uncertainties such as expected economic trends, the ability to
anticipate consumer preferences, the ability to control costs, etc.
Please refer to Coach’s latest Annual Report on Form 10-K and our
other filings with the Securities and Exchange Commission for a
complete list of risks and important factors.
Analysts & Media:CoachAndrea Shaw Resnick,
212-629-2618Global Head of Investor Relations and Corporate
CommunicationsorChristina Colone, 212-946-7252Senior Manager,
Investor Relations
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