Tapestry chief operations officer to retire as Scott Roe takes on dual role
Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman, has confirmed that its chief operations officer Tom Glaser has decided to retire.
He will remain with the company until 1 October to ensure a seamless transition as Scott Roe (pictured), Tapestry’s chief financial officer, takes on additional responsibility as chief operating officer.
In the newly created dual role, Roe will continue to lead the finance function while also having oversight of operations across Tapestry’s multi-brand platform, including supply chain and IT.
As part of the changes, the company’s chief executive Joanne Crevoiserat will assume direct oversight of Tapestry’s strategy and consumer insights team, which previously reported to Roe.
Crevoiserat said: “During his tenure, Tom has played an important role in the execution of our Acceleration Program and our ability to successfully navigate the effects of the pandemic. He leaves us with a solid foundation in place and strong team of tenured leaders.”
She added: “I am delighted to announce the appointment of Scott, a seasoned industry executive with more than 30 years of retail finance and operations experience, to the dual role of chief financial officer and chief operating officer. Since Scott joined Tapestry in June 2021, he has been a great partner to me and has a unique and unparalleled understanding of multi-brand companies.”
Tapestry is maintaining its full year outlook and expects to report its fourth quarter and full year results on 18 August.