Capri Holdings Limited (NYSE:CPRI) has announced the appointment of Tyler Reddien as its new Chief Financial Officer and Chief Operating Officer, effective March 30th. This move reflects the company's ongoing commitment to strengthening its leadership team and enhancing operational excellence across its portfolio of luxury brands.
Mr. Reddien brings extensive experience in global finance and operations, with a proven track record of guiding businesses through periods of change and transformation to drive efficiency and sustainable profitability. His most recent role was as the Chief Financial Officer of The Body Shop, and he has held senior leadership positions at Natura &Co Holding and Hertz, among others.
Capri Holdings' Chairman and CEO, John D. Idol, expressed confidence in Reddien's ability to drive performance, enhance operational discipline, and lead the organization through complex transformations. Reddien himself expressed enthusiasm about joining Capri Holdings at a crucial moment and looks forward to advancing the company's strategic priorities and positioning it for long-term success.
Capri Holdings Limited is a global fashion luxury group that includes iconic brands Michael Kors and Jimmy Choo. The company is publicly listed on the New York Stock Exchange under the ticker CPRI.
This announcement reflects Capri Holdings' commitment to strengthening its leadership team and enhancing operational excellence as it positions itself for future growth. As a result of these announcements, the company's shares have moved -3.23% on the market, and are now trading at a price of $24.84. For the full picture, make sure to review Capri's 8-K report.
