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August 5, 2022

Tapestry CFO Roe to assume dual role as COO Glaser to retire

US fashion company Tapestry, Inc has announced chief finance officer (CFO) Scott Roe will take on additional responsibility as chief operating officer (COO) as Tom Glaser has decided to retire.

By Beth Wright

To ensure a seamless transition, Glaser will remain with Tapestry, which owns brands including Kate Spade New York and Coach, until 1 October. Effective immediately, and in keeping with Tapestry’s succession planning, Roe, who has been CFO since June 2021, will take on additional responsibility as COO.

In this newly created dual role, Roe will continue to lead the finance organisation while expanding his scope to include oversight of operations across Tapestry’s multi-brand platform, including supply chain and IT. As part of these changes, Tapestry CEO Joanne Crevoiserat will assume direct oversight of Tapestry’s strategy and consumer insights team, which formerly reported to Roe.

“During his tenure, Glaser has played an important role in the execution of our Acceleration Program and our ability to successfully navigate the effects of the pandemic. He leaves us with a solid foundation in place and strong team of tenured leaders. We thank him for his many contributions and wish him all the best in his retirement,” Crevoiserat says.

“At this same time, I am delighted to announce the appointment of Roe, a seasoned industry executive with more than 30 years of retail finance and operations experience, to the dual role of chief financial officer and chief operating officer. Since Roe joined Tapestry in June 2021, he has been a great partner to me and has a unique and unparalleled understanding of multi-brand companies. I am very confident that Roe, together with our talented teams, will continue to optimise our robust operating platform as we move forward.”

Tapestry is maintaining its Fiscal 2022 financial outlook and expects to report fiscal 2022 fourth quarter and full year results on 18 August.

Last month, Logan Duran, senior director, ESG and sustainability at Tapestry, told Just Style how the group’s partnership with the World Wildlife Fund (WWF) is a chance to move the needle.

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