Home / Knowledge / News / Apparel/Garments / Puma CEO Franz Koch to step down in March
Puma CEO Franz Koch to step down in March
12
Dec '12
The Administrative Board of PUMA SE announced that, by mutual agreement, Franz Koch will step down from his position as CEO of PUMA and member of the Group Executive Committee of PPR SA, the main shareholder of PUMA SE, at the end of March 2013.

Jochen Zeitz' resignation as Administrative Board Chairman as of December 1, 2012 marks the end of a chapter in the history of PUMA. The company is therefore entering a new phase in its development and is changing its top management structure to take on those challenges.

Franz Koch will remain CEO of PUMA until the end of March, and work in close collaboration with the new Chairman of the Administrative Board, Jean-François Palus, also PPR Group Managing Director, in order to secure PUMA's on-going operational transformation and generate profitable growth.

Jean-François Palus, Chairman of the Administrative Board of PUMA SE, stated:  "Together with Jochen Zeitz, Franz Koch has been the driver of strategic key initiatives and has strongly contributed to PUMA's development over the past few years. I would like to warmly thank Franz for his efforts, commitment and dedication to PUMA, as well as his contribution to evolving the organization and management team.

“Going forward with the future CEO, who we aim to hire by spring 2013, we will pursue the reorganization of the company, focus on product innovation and marketing, and will continue to devote the necessary resources to the development of the brand. We are now going to write a new chapter for PUMA and thanks to the commitment and enthusiasm of the teams I've been meeting around the world, I am fully confident in our ability to realize the huge potential of this iconic brand".

Puma

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search