Luxury footwear and handbag maker Coach Inc has named Jane Nielsen as its new executive vice president and chief financial officer, taking up the post in September.

Nielsen joins from PepsiCo Inc, where she was Senior vice president and chief financial officer of PepsiCo Beverages Americas and the Global Nutrition Group, with combined revenues of over $17bn.

"Jane brings 25 years of broad-based and relevant finance experience to Coach. Her expertise and strong operational track record make her a valuable addition to the Coach management team," said Jerry Stritzke, the company's president and COO.

Nielsen replaces Michael F Devine III, who will retire in August.