Tom Glaser, the group's Chief Operations Officer, has decided to retire, remaining with the company until the 1^st of October.

Tapestry also announced that effective immediately, and in keeping with Tapestry’s succession planning, Scott Roe, who has been Chief Financial Officer since June 2021, will take on additional responsibility as Chief Operating Officer.

"In this newly created dual role, Scott will continue to lead the finance organization while expanding his scope to include oversight of operations across Tapestry’s multi-brand platform, including Supply Chain and Information Technology. As part of these changes, the Company’s Chief Executive Officer, Joanne Crevoiserat, will assume direct oversight of Tapestry’s Strategy and Consumer Insights team, which formerly reported to Scott Roe".

“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. We thank him for his many contributions and wish him all the best in his retirement. At this same time, 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. I am very confident that Scott, together with our talented teams, will continue to optimize our robust operating platform as we move forward”, commented Joanne Crevoiserat, Chief Executive Officer of Tapestry.

Tapestry is maintaining its Fiscal 2022 financial outlook and expects to report fiscal 2022 fourth quarter and full year results on Thursday, 18^th of August 2022.