Ralph Lauren has promoted three of its executives as it continues to reshuffle its management structure to that of a brand management business model.
The American fashion label has promoted Christopher Peterson to the newly created role of global brands president, while Mitchell Kosh has been promoted to chief administrative officer and Robert Madore has been named chief financial officer.
Peterson joined Ralph Lauren in 2012 and had until now been serving as executive vice president, chief administrative officer and chief financial officer, he will now oversee the label’s organisational transformation, while reporting directly to Ralph Lauren.
Jackwyn Nemerov will remain president and COO and Valerie Hermann will continue as president of Ralph Lauren Luxury Brands.
“I have tremendous confidence about the future of this Company and the opportunities for our brands around the world,” said Ralph Lauren, chairman and chief executive officer of Ralph Lauren Corporation. “We have an experienced and proven management team in place. As we move to a new global organizational structure, these executive leadership changes will allow us to maximize the potential of our brands and drive global growth.”