Home / Knowledge / News / Fashion / Coach's Chairman adds two years tenure with the company
Coach's Chairman adds two years tenure with the company
Aug '09
Coach Inc announced that its Board of Directors has authorized a four-year, performance-based share award for Lew Frankfort, Coach's Chairman and CEO. This award was granted in order to provide continuity of Mr. Frankfort's strong leadership at a pivotal time for the Coach brand given the evolving retail environment and the company's significant growth opportunities. It will extend his tenure for an additional two years beyond the end of his current contract, set to expire July 2011.

Lew Frankfort, Chairman and CEO of Coach Inc., said, “I am very pleased to have the opportunity to lead Coach through fiscal year 2013. We're at an important inflection point as we accelerate our international expansion while continuing to increase our market share here in North America. We recently announced fiscal year 2009 results that demonstrated Coach's strength and resiliency against an extraordinarily weak retail backdrop. I look forward to continuing to work with Coach's strong and seasoned management team to achieve our long term goals.”

Irene Miller, Lead Outside Director for Coach, said, “Lew is an outstanding Chairman and Chief Executive Officer, who will be celebrating his thirtieth anniversary with the company next month. Given his long and very successful tenure with Coach, the Board is delighted that he has agreed to stay in his current role for an additional period of time.”

The performance-based award, comprised of restricted stock units valued at approximately $10 million, will vest in full on June 29, 2013, subject to the company achieving certain strategic and financial goals at target levels.

Coach Inc

Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search