×
61 735
Fashion Jobs
ROSS STORES
Security Analyst (IT Risk)
Permanent · Dublin
ROSS STORES
sr. Loss Prevention Manager
Permanent · Hawthorne
MACY'S
Asset Protection Detective, Westfarms - Part Time
Permanent · Farmington
MACY'S
Asset Protection Detective, Carousel Center - Full Time
Permanent · Syracuse
MACY'S
Asset Protection Detective, Oxmoor - Full Time
Permanent · Louisville
MACY'S
Manager, Operations
Permanent · Secaucus
MACY'S
Manager, Vendor Paid Sales- Origins Cosmetics
Permanent · New York
MACY'S
Multi-Store Detective, Mall in Columbia - Full Time
Permanent · Columbia
MACY'S
Multi-Store Lead Detective, Mall in Columbia - Full Time
Permanent · Columbia
MACY'S
Manager, Business Administration
Permanent · Douglasville
MACY'S
sr Manager, Regional Fulfillment - sw
Permanent · Brea
MACY'S
Manager, Style Merchandise Execution - Parks at Arlington
Permanent · Arlington
MACY'S
Asset Protection Detective, Montgomery - Full Time
Permanent · Bethesda
MACY'S
Asset Protection Detective, San Francisco Union Square - Full Time
Permanent · San Francisco
MACY'S
Asset Protection Detective, Valley Fair - Part Time
Permanent · Santa Clara
MACY'S
Asset Protection Detective, Summerlin - Part Time
Permanent · Las Vegas
MACY'S
Asset Protection Detective, Arrowhead Towne Center - Full Time
Permanent · Glendale
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Valley Fair - Full Time
Permanent · Santa Clara
MACY'S
Asset Protection Detective, Gwinnett Mall - Full Time
Permanent · Duluth
MACY'S
Asset Protection Security Guard, King of Prussia - The Court - Part Time
Permanent · King of Prussia
MACY'S
Manager, Omni Operations
Permanent · Lynnwood
Published
Jul 22, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tapestry CEO Jide Zeitlin resigns, causes executive shuffle

Published
Jul 22, 2020

Tapestry, Inc.'s chairman and chief executive officer, Jide Zeitlin, has resigned from the company and its board of directors, after accusations that he once posed as a photographer, in order to coerce a woman into a romantic relationship, have surfaced. 


Jide Zeitlin - Tapestry


On Tuesday, the company – which owns Kate Spade, Coach and Stuart Weitzman – said in a press release that Zeitlin's decision was made "for personal reasons." Zeitlin first took on the role of CEO in September, after serving as chairman since 2014. He has been with Tapestry for a total of 14 years. 

A person familiar with the situation said Tapestry's board hired a law firm to investigate the allegations, after a woman came forward with the accusations of misconduct, according to industry reports. 

"In the past month, a woman I photographed and had a relationship with more than ten years ago reached out to various media organizations to express her concerns about what had occurred," Zeitlin said in a statement given to The Wall Street Journal.

"I felt compelled to resign today because I do not want to create a distraction for Tapestry, a company I care deeply about."
 
Zeitlin's exit has been followed by several changes to the company's leadership team, beginning with Tapestry chief financial officer, Joanne Crevoiserat, who was named as interim chief executive officer of the company.

Todd Kahn, president, chief administrative officer and company secretary will become interim CEO and brand president of Coach, and Andrea Shaw Resnick, global head of investor relations and corporate communications will take on the role of Tapestry's interim CFO.

Susan Kropf, Tapestry’s lead independent director will now serve as chair of the board of directors. 

"[Zeitlin] has made meaningful contributions to Tapestry over the past 14 years, first as a director, and then as chairman, and most recently as CEO," Kropf said. 

"During his tenure as CEO, he played a key role in driving the development of Tapestry’s strategic growth agenda. Importantly, he led with purpose during these unprecedented times. We thank him for all he has done for the company and remain committed to continuing this important work.”

Tapestry said it is now searching for a permanent CEO, both internally and externally.

The major shake up comes as Tapestry, already struggling prior to the Covid-19 pandemic, works to make a rebound in the aftermath. In May, the company reported a near 20% fall in quarterly sales, after about 90% of its stores were either closed or operating on shortened hours during its third quarter. 

Tapestry shares are down over 50% this year.

Copyright © 2022 FashionNetwork.com All rights reserved.