VF Corp. (VFC) aligned with Engaged Capital that is starting to reshape its board.
VF said it would name luxury and fashion veteran Caroline Brown to its board in the wake of “constructive engagement with VF’s shareholders including Engaged Capital.”
She was chief executive officer of Donna Karan International and DKNY from 2015 to 2017 and led the sale of the company, which was then owned by LVMH Moët Hennessy Louis Vuitton, to G-III Apparel Group. Richard Carucci, chair of VF’s board, said: “Caroline is highly respected in the apparel industry, with a proven track record of turning around, scaling and transforming global brands, and her insights will be valuable as the company continues to execute its reinvent strategy.”
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