USA: Mothers Work CFO Moves To Coach
Luxury accessories marketer Coach Inc has recruited Michael F Devine, III as its senior vice president and chief financial officer, effective immediately.
Mr Devine joins Coach from maternity apparel retailer Mother's Work Inc where he was executive vice president and chief financial officer, responsible for all financial activities, physical distribution, human resources, legal and worldwide logistics for the $450 million company.
"Mike's talent and strong operational track record make him a valuable addition to the Coach management team at this time," said Keith Monda, executive vice president and chief operating officer of Coach Inc. "Coach has enjoyed a stellar first year as a public company, and we expect that success to continue under Mike's financial stewardship as we expand our presence in the United States and internationally."
Mr Devine replaces Richard Randall, who has left Coach to pursue other opportunities.
In a press release Friday, Mothers Work said it is conducting a search for a new financial chief.
In a separate announcement, Coach reported that Sally Frame Kasaks, marketing and retail consultant for ISTA Incorporated, has been appointed to the company's board of directors. Ms Kasaks's appointment fills a vacancy on the Board and brings the membership to six.
From 1992 through 1996, Ms Kasaks was the chairman and chief executive officer of Ann Taylor Stores Inc. Prior to this, she was president and chief executive officer of Abercrombie & Fitch from 1989 to 1992.
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