VF Corporation has announced the appointment of Caroline Brown to its Board of Directors, effective February 14, 2024. This move comes after engaging with shareholders, including Engaged Capital, LLC, demonstrating VF's commitment to responsive governance. Additionally, VF plans to appoint another independent director, mutually agreed upon with Engaged Capital, emphasizing inclusivity in board selection.
Brown brings over 30 years of expertise in the global apparel and fashion industry to the table. Her notable roles include Managing Director at Closed Loop Partners, where she spearheaded the firm's fashion practice, and serving as CEO of Donna Karan International (DKI) and DKNY. Her leadership at DKI saw a significant transformation, including brand modernization and overseeing the transition of ownership.
Her extensive career also encompasses leadership positions at Carolina Herrera, Akris, Inc., and Giorgio Armani, showcasing a comprehensive understanding of the sector. Brown's board experience extends to innovative fashion companies like EILEEN FISHER, underscoring her industry influence.
Richard Carucci, VF Board Chair, expressed excitement over Brown's appointment, highlighting her proven ability to revitalize global brands. Brown, in turn, expressed eagerness to contribute to VF's growth trajectory, citing the potential of VF's brand portfolio.
This appointment aligns with VF's ongoing board refreshment strategy, reflecting the company's adaptability to industry dynamics. The collaborative approach with Engaged Capital underscores VF's commitment to shareholder engagement and performance enhancement.
Glenn W. Welling, Founder and CIO of Engaged Capital, praised Brown's addition to the board, anticipating her valuable contributions. The cooperative efforts between VF's leadership, the board, and shareholders signal a unified approach towards achieving sustained growth and brand excellence under the stewardship of CEO Bracken Darrell.
