Liz Claiborne's COO to leave |
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| Tuesday, 21 October 2008 | |
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Fashion apparel maker Liz Claiborne has announced that Michael Scarpa, its chief operating officer, will leave the company, effective
November 30. Scarpa has been with the company for 25 years.
Additionally, Andy Warren is being promoted to Executive Vice President, Chief Financial Officer. The company, whose portfolio also includes Kate Spade, Juicy Couture, Lucky Brand and Mexx, added that Scarpa's position will not be replaced, with his responsibilities to be divided among the senior management team. Vice president mr. Warren will add logistics, information systems, financial operations, special sales, distribution and Liz Claiborne Canada to his current role. Liz Claiborne's global sourcing will now report directly to William L. McComb, chief executive officer of the company. Commenting on the announcement, Mr. McComb said: "Mike has made many significant contributions to this company in his more than 25 years here.” “Mike's help in guiding Liz Claiborne through its brand-centric reorganization - an all encompassing transition that has left no area untouched - has been invaluable.” “With our major structural changes all but complete and key players installed in critical roles, we mutually agreed that now was the appropriate time for him to move on. We wish him well in his future endeavors." |
