VF Corporation

VF Corporation Aligns with Engaged Capital and Appoints Caroline Brown to Board

Retrieved on: 
Wednesday, February 14, 2024

This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC (“Engaged Capital”).

Key Points: 
  • This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC (“Engaged Capital”).
  • VF also intends to appoint to the Board another independent director in the near term mutually agreed with Engaged Capital, and will give priority to considering the candidates who have been identified by Engaged Capital (the “Additional Director”).
  • “We are excited to welcome Caroline to the VF Board,” said Chair of the VF Board, Richard Carucci.
  • Glenn W. Welling, Founder and CIO of Engaged Capital, said, “We are excited that the Board has added Caroline Brown, who will bring a wealth of apparel experience to the boardroom.

Sonos Appoints Bracken Darrell to Board of Directors

Retrieved on: 
Tuesday, February 13, 2024

Sonos, Inc. (Nasdaq: SONO) today announced the appointment of Bracken Darrell, President and CEO of VF Corporation, to its Board, effective Feb. 12, 2024.

Key Points: 
  • Sonos, Inc. (Nasdaq: SONO) today announced the appointment of Bracken Darrell, President and CEO of VF Corporation, to its Board, effective Feb. 12, 2024.
  • “With Bracken’s excellent track record leading world-class product companies and his deep experience in our space, we are delighted to welcome him to the Board.
  • We’re excited about the value he can add as Sonos continues its journey to become the world’s leading sound experience company,” said Julius Genachowski, Chair of the Sonos Board.
  • I can’t wait to help support the company in its path to growth and larger scale,” said Bracken Darrell.

VF Corporation Reports Third Quarter Fiscal 2024 Results and Announces Strategic Portfolio Review

Retrieved on: 
Tuesday, February 6, 2024

VF Corporation (NYSE: VFC) today reported financial results for its third quarter (Q3'FY24) ended December 30, 2023, announcing a quarterly per share dividend of $0.09 and reiterating FY24 free cash flow guidance.

Key Points: 
  • VF Corporation (NYSE: VFC) today reported financial results for its third quarter (Q3'FY24) ended December 30, 2023, announcing a quarterly per share dividend of $0.09 and reiterating FY24 free cash flow guidance.
  • Bracken Darrell, President and CEO, said: "Our third quarter top-line performance was disappointing.
  • However, we are confident the actions we are implementing as part of Reinvent will enable VF to stabilize and then grow revenue and improve operational performance across brands and regions.
  • The initial four priorities of Reinvent are to improve North America results, deliver the Vans turnaround, reduce costs and strengthen the balance sheet.

V.F. CORPORATION INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of V.F. Corporation - VFC

Retrieved on: 
Friday, February 2, 2024

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into V.F.

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into V.F.
  • KSF’s investigation is focusing on whether VF’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, California, Louisiana and New Jersey.

General Mills Elects Two New Board Members

Retrieved on: 
Tuesday, January 30, 2024

General Mills, Inc. (NYSE: GIS) today announced the election of Benno O. Dorer and John G. Morikis to its board of directors effective Jan. 29, 2024.

Key Points: 
  • General Mills, Inc. (NYSE: GIS) today announced the election of Benno O. Dorer and John G. Morikis to its board of directors effective Jan. 29, 2024.
  • The election of Dorer and Morikis reflects the company’s thoughtful approach to board succession and refreshment.
  • As the former Chairman and Chief Executive Officer of The Clorox Company (NYSE: CLX), Dorer brings to the board strong executive leadership experience from a global consumer packaged goods company.
  • General Mills and its predecessor company have paid dividends without interruption for 125 years.

VF Corporation Announces Third Quarter Fiscal 2024 Earnings and Conference Call Date

Retrieved on: 
Tuesday, January 16, 2024

VF Corporation (NYSE: VFC) plans to release its third quarter fiscal 2024 financial results on Tuesday, February 6th, 2024 at approximately 4:05 p.m.

Key Points: 
  • VF Corporation (NYSE: VFC) plans to release its third quarter fiscal 2024 financial results on Tuesday, February 6th, 2024 at approximately 4:05 p.m.
  • ET.
  • Following the news release, VF management will host a conference call at approximately 4:30 p.m.
  • For those unable to listen to the live broadcast, an archived version will be available at the same location.

V.F. CORPORATION INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of V.F. Corporation - VFC

Retrieved on: 
Saturday, January 6, 2024

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into V.F.

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into V.F.
  • KSF’s investigation is focusing on whether VF’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, California, Louisiana and New Jersey.

ARKO Corp. Appoints Robert Giammatteo as Chief Financial Officer

Retrieved on: 
Thursday, December 21, 2023

RICHMOND, Va., Dec. 21, 2023 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that the Company has appointed Robert E. Giammatteo as its Executive Vice President and Chief Financial Officer, effective January 2, 2024.

Key Points: 
  • RICHMOND, Va., Dec. 21, 2023 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that the Company has appointed Robert E. Giammatteo as its Executive Vice President and Chief Financial Officer, effective January 2, 2024.
  • Mr. Giammatteo will also serve as Chief Financial Officer of ARKO subsidiary GPM Investments, LLC.
  • Mr. Giammatteo joins ARKO as an experienced financial leader of both public and private companies, most recently serving as Executive Vice President, Chief Financial Officer and Chief Transformation Officer for Giant Eagle Inc., a leading regional grocery, convenience, and retail pharmacy operator.
  • “I am very excited to join the highly experienced team at ARKO,” said Mr. Giammatteo.

Wolverine Worldwide Appoints Bishu Jayaram as Chief Supply Chain Officer

Retrieved on: 
Thursday, December 21, 2023

Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has appointed Bishu Jayaram to serve in the newly-created role of Chief Supply Chain Officer.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has appointed Bishu Jayaram to serve in the newly-created role of Chief Supply Chain Officer.
  • Mr. Jayaram, a seasoned executive with over 20 years in supply chain and sourcing roles, has served as Wolverine Worldwide’s Senior Vice President of Global Sourcing for the past two years, leading sourcing activities for all product categories across the Company’s portfolio of brands.
  • Before joining Wolverine, he spent six years with VF Corporation in a variety of supply chain capacities, including leading Asia sourcing for all footwear, equipment, and packs – while also leading global material supply for all apparel, footwear, and equipment.
  • Earlier in his career, Mr. Jayaram held supply chain and costing roles with Avery Denison, Adidas, and Gap, Inc.
    “Bishu has a proven track record of successfully navigating complex supply chain landscapes and implementing innovative strategies and has led the Company’s sourcing organization during a period of unprecedented supply chain volatility,” said Chris Hufnagel, President and CEO of Wolverine Worldwide, to whom Mr. Jayaram will report.

Driven By its Purpose, VF Works for the Betterment of People and Planet; Details in FY 2023 Environmental & Social Responsibility Report

Retrieved on: 
Tuesday, November 14, 2023

Today, VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, released its fiscal year (FY) 2023 Environmental & Social Responsibility report, “Purpose.

Key Points: 
  • Today, VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, released its fiscal year (FY) 2023 Environmental & Social Responsibility report, “Purpose.
  • Driven.” The comprehensive publication details the company’s progress against its environmental and social targets, as well as additional Inclusion, Diversity, Equity and Action (IDEA) content, which had previously been provided through two separate reports.
  • The report also highlights how VF brands are taking action to help drive meaningful results for people and our planet.
  • Unless otherwise stated, all data reported is for VF’s fiscal year 2023.