Christopher Peterson, president, Global Brands at Ralph Lauren Corporation will step down as of May 31, 2016 and will work closely with CEO Stefan Larsson to transition his responsibilities.
According to a press release from Ralph Lauren, the position of president, Global Brands, which was created in April 2015, is being eliminated.
The company's Global Brand presidents will now report directly to Stefan Larsson, streamlining the senior leadership structure and giving Larsson direct oversight of brands.
Christopher Peterson joined the company in 2012 and until April 2015, held the position of executive vice president, chief administrative officer and chief financial officer.
Stefan Larsson said, “I would like to thank Chris for his many valuable contributions to Ralph Lauren, especially during this time of transition and his dedication and loyalty are greatly appreciated.”
“Under the new structure, I will work directly with the Global Brand presidents as we drive long-term growth and further strengthen this iconic brand,” he added
Christopher Peterson said, “It has been a privilege to work for such an iconic company and I believe the company is well positioned for future success under Stefan's leadership.”
“I am committed to transitioning my responsibilities in a high-quality manner and believe this transition makes the most sense for me as well as for the company,” Peterson informed.
Ralph Lauren Corporation is a designer, marketer and distributor of premium lifestyle products in four categories: apparel, home, accessories and fragrances.
Its brand names include; Polo Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Lauren by Ralph Lauren, Double RL, RLX, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, etc. (AR)
Fibre2fashion News Desk - India