News
Polo Ralph Lauren Promotes Wayne Meichner to President and Chief Operating Officer of Polo Retail Group; Susie Coulter Promoted to President of Polo Ralph Lauren Retail Stores
NEW YORK-(Business Wire)-July 1, 2008 - Polo Ralph Lauren Corporation (NYSE:RL) today announced the promotion of Wayne Meichner to President and Chief Operating Officer of Polo Retail Group, effective July 1, 2008. Mr. Meichner replaces Jeff Sherman, who is retiring from the Company. Mr. Meichner will report to Ralph Lauren, Chairman and Chief Executive Officer, and Roger Farah, President and Chief Operating Officer, of Polo Ralph Lauren Corporation. In his new role, Mr. Meichner will be responsible for the strategic management and development of Polo Ralph Lauren's domestic retail concepts, including Ralph Lauren stores, Polo Factory Stores, RalphLauren.com, Rugby and RRL. He will also manage Polo Retail Group's shared services support groups. Previously, Mr. Meichner was President of Polo Ralph Lauren Retail Stores, managing Polo Ralph Lauren's domestic Ralph Lauren stores. Mr. Meichner joined Polo Ralph Lauren in 2002 after an extensive, 23-year career in merchandising and store management at Saks Fifth Avenue, where he ultimately held the position of Executive Vice President of Merchandising.
"We are thrilled to be promoting Wayne to oversee the sales and support operations of our evolving retail store network across multiple formats. His 30 years of experience in luxury merchandising and retail store operations is a compelling asset as we continue to invest in our direct to consumer operations around the world," said Roger Farah. "On behalf of the entire Company, I want to thank Jeff Sherman for helping to execute our global retail strategic plan over the past few years. We all wish Jeff the very best."
Susie Coulter was promoted to President of Polo Ralph Lauren Retail Stores, effective July 1, 2008, reporting to Wayne Meichner. In her new role, Ms. Coulter will assume management of Polo Ralph Lauren's 59 domestic Ralph Lauren stores. Most recently, Ms. Coulter served as Senior Vice President and General Merchandise Manager of Ralph Lauren's retail operations in the U.S. and Europe. Ms. Coulter joined Polo Ralph Lauren in 1998 as Vice President and Divisional Merchandise Manager for Polo Factory Stores. From 2000-2005, Ms. Coulter was Vice President and Divisional Merchandise Manager for Polo's full-price retail stores in the U.S. and in Europe. Prior to joining Polo Ralph Lauren, Ms. Coulter held positions at Harrods and House of Fraser.
"Susie's proven track record of strong leadership and management skills has been an integral part of the success of our global retail operations," said Roger Farah. "I look forward to continue partnering with Susie to refine our retail operating strategy going forward."
ABOUT POLO RALPH LAUREN
Polo Ralph Lauren Corporation (NYSE: RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 40 years, Polo's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Rugby, Ralph Lauren Childrenswear, American Living, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands. For more information, go to http://investor.ralphlauren.com.
FORWARD LOOKING STATEMENTS
This press release and oral statements made from time to time by representatives of the Company contain certain "forward-looking statements" concerning current expectations about the Company's future results and condition, including revenues, store openings, margins, expenses and earnings. Actual results might differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to materially differ include, among others, changes in the competitive marketplace, including the introduction of new products or pricing changes by our competitors, changes in the economy and other events leading to a reduction in discretionary consumer spending; risks associated with the Company's dependence on sales to a limited number of large department store customers, including risks related to extending credit to customers; risks associated with the Company's dependence on its licensing partners for a substantial portion of its net income and risks associated with a lack of operational and financial control over licensed businesses; risks associated with changes in social, political, economic and other conditions affecting foreign operations or sourcing (including foreign exchange fluctuations) and the possible adverse impact of changes in import restrictions; risks associated with uncertainty relating to the Company's ability to implement its growth strategies or its ability to successfully integrate acquired businesses; risks arising out of litigation or trademark conflicts, and other risk factors identified in the Company's Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
