Brings Board Membership to Eleven
NEW YORK--(BUSINESS WIRE)--May 12, 2014--
Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design house of
modern luxury accessories, today announced that William R. Nuti and
David M. Denton have been appointed to Coach’s Board of Directors. The
appointments of Messrs. Nuti and Denton to the Board brings the
membership to eleven.
Victor Luis, Chief Executive Officer of Coach, Inc., said, “We are
extremely pleased that Bill Nuti and Dave Denton have agreed to join our
Board. As Coach continues to transform into a global modern luxury
lifestyle brand, we are confident that their respective business
experience, strategic insight and leadership skills will prove
particularly valuable to us.”
Mr. Nuti joined NCR Corporation (NYSE: NCR) as Chief Executive Officer
and President in 2005 and was named Chairman, Chief Executive Officer
and President in 2007. He is credited with the reinvention of the
company, transforming the way consumers connect, interact and transact
with business. Prior to joining NCR, from 2003 to 2005, Mr. Nuti served
as President and CEO of Symbol Technologies, initially joining the
company in 2002 as President and Chief Operating Officer. Mr. Nuti
joined Symbol following more than 10 years at Cisco Systems, where he
held positions of increasing responsibility, advancing to the dual role
of Senior Vice President of the company’s Worldwide Service Provider
Operations and Senior Vice President of U.S. Theater Operations,
responsible for more than $15 billion of Cisco’s global revenue stream.
He is a member of the Georgia Institute of Technology advisory board, a
Long Island University trustee and a member of the United Continental
Holdings board of directors.
Upon his appointment, Mr. Nuti said, "Coach is a brand that has been
part of the American landscape for over 70 years and has a history of
successful reinvention. I’m excited about joining the Board at this
unique moment in time, to help build on the foundation they have created
as they write the next chapter.”
Mr. Denton currently serves as Executive Vice President and Chief
Financial Officer of CVS Caremark (NYSE: CVS). He joined CVS Caremark in
1999 and has held various managerial roles throughout the company.
Previously, Mr. Denton was Senior Vice President and Controller/Chief
Accounting Officer of CVS Caremark and served as Chief Financial Officer
and Controller for PharmaCare, CVS Corporation’s legacy PBM subsidiary.
Additionally, while at CVS Caremark, he has held positions in Corporate
Treasury, Financial Planning and Analysis and Corporate Finance. He has
more than fifteen years of finance experience primarily in the health
care and drug retail industries.
Upon his appointment, Mr. Denton stated, “I am delighted to be joining
the Coach Board. I look forward to contributing to the sustained health
and future growth of this great brand which resonates with consumers
globally."
Coach, with headquarters in New York, is a leading American marketer of
fine accessories and gifts for women and men, including handbags, men’s
bags, women’s and men’s small leathergoods, footwear, outerwear,
watches, weekend and travel accessories, scarves, sunwear, fragrance,
jewelry and related accessories. Coach is sold worldwide through Coach
stores, select department stores and specialty stores, and through
Coach’s website at www.coach.com.
Coach’s common stock is traded on the New York Stock Exchange under the
symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The
Stock Exchange of Hong Kong Limited under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to, or for
the account of, a U.S. Person (within the meaning of Regulation S under
the Securities Act), absent registration or an applicable exemption from
the registration requirements. Hedging transactions involving these
securities may not be conducted unless in compliance with the Securities
Act.
This press release contains forward-looking statements based on
management's current expectations. These statements can be identified by
the use of forward-looking terminology such as "may," "will," “plan,”
"should," “believe,” “next,” “develop,” "expect," “confident,” “trends,”
“further evolve,” “forward,” “future,” "intend," "estimate," "on track,"
"are positioned to," “on course,” “opportunity,” "continue," "project,"
"guidance," “target,” "forecast," "anticipated," or comparable terms.
Future results may differ materially from management's current
expectations, based upon risks and uncertainties such as expected
economic trends, the ability to anticipate consumer preferences, the
ability to control costs, etc. Please refer to Coach’s latest Annual
Report on Form 10-K for a complete list of risk factors.
Source: Coach, Inc.
Analysts & Media:
Coach
Andrea Shaw Resnick, 212-629-2618
Global
Head of Investor Relations and Corporate Communications
