Tapestry strengthens leadership team
Tapestry has announced that Liz Fraser has been hired as chief executive and brand president of Kate Spade as part of a series of executive team appointments.
Expected to join the company on 1 March, Fraser (pictured) will take over the role from Tapestry chief financial officer Joanne Crevoiserat who has been leading the brand in an interim capacity since December.
Fraser will be responsible for all aspects of Kate Spade across the world while working alongside the brand’s creative director Nicola Glass and the company’s leadership team.
She previously worked as president of women’s fashion brand Lafayette 148, where she was responsible for global sales, marketing, design and merchandising for the apparel and accessories categories. Prior to that, she was chief executive of Anne Klein. Other previous roles include president of Marc by Marc Jacobs.
In addition, Tapestry has promoted Giorgio Sarné to the role of chief executive and brand president of Stuart Weitzman following Eraldo Poletto’s decision to leave the company on 1 March.
Currently president of Tapestry Asia and president and chief executive of Coach Asia, Sarné will be replaced in that role by Emmanuel Ruelland who is currently vice president and general manager of Tapestry Southeast Asia and Oceania.
In a further appointment, Yann Bozec has been promoted to the role of president of Tapestry Asia Pacific. He was previously president of Tapestry China and president and chief executive of Coach China but has continued to head up Coach China following his promotion.
Fraser, Sarné and Bozec will all join Tapestry’s executive committee.
Jide Zeitlin, chairman and chief executive of Tapestry, said: “We are delighted with the appointments of Liz, Giorgio and Yann, all three talented leaders who have best-in-class knowledge that is directly aligned to our long-term strategic plan. With Liz’s career in fashion spanning over three decades and the deep experience in brand building at Coach and Tapestry that both Giorgio and Yann bring to their new roles, we believe we are well positioned to drive sustained sales and margin growth and shareholder returns.”
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