New York-based apparel and accessories firm Tapestry has appointed interim CEO Joanne Crevoiserat to the role on a permanent basis.
Crevoiserat, who was named interim CEO in July following the departure of Jide Zeitlin, joined the company as chief financial officer in August of last year.
She is also expected to be appointed as a member of Tapestry’s board of directors at the next regularly scheduled board meeting. Susan Kropf, an independent member of will continue to serve as chair.
“After completing a comprehensive internal and external search, the board unanimously concluded that Joanne is the best candidate to lead Tapestry’s next chapter of growth as CEO. Since taking on the role of interim CEO in July, Joanne has led with a customer-centric, data-driven approach, an understanding of the unique needs and advantages of our house of brands and a focus on execution and growth,” Kropf said.
“Joanne has a passion for our brands and our company, deep financial and operational expertise and a belief in the power of our teams. She has been instrumental in setting Tapestry’s strategic agenda and has a clear vision for what is needed to drive our success in the future.”
Prior to joining the company, Crevoiserat was executive vice president and COO at Abercrombie & Fitch Co from February 2017 to June 2019.
She has also held a number of senior management roles at Kohl’s Corporation, including executive vice president of finance and executive vice president of merchandise planning and allocation, and senior finance positions with Wal-Mart Stores and May Department Stores.
“Since joining the company over a year ago, I have been focused on unlocking the power of our talented teams by establishing clear priorities and building a culture of trust and empowerment,” she said, adding she is confident the group’s Acceleration Program will create stronger connections with customers and fuel long-term growth and improved profitability.
Tapestry outlined its multi-year turnaround plan to cut costs and focus on digital growth in July, while revealing that strong online sales helped it to a better-than-expected fourth quarter.