Tapestry names interim chief as CEO

Coach handbag maker Tapestry Inc said on Tuesday its interim chief executive officer Joanne Crevoiserat would take over the role on a permanent basis.

Crevoiserat was serving as the company’s chief financial officer until July, before replacing Jide Zeitlin who stepped down as CEO amid an investigation into his personal behavior.

Crevoiserat is also expected to be appointed to Tapestry’s board, the company said.

Susan Kropf, chair of Tapestry's board of directors, commented: “After completing a comprehensive internal and external search, the Board unanimously concluded that Joanne is the best candidate to lead Tapestry’s next chapter of growth as CEO.

"Since taking on the role of Interim CEO in July, Joanne has led with a customer-centric, data-driven approach, an understanding of the unique needs and advantages of our house of brands and a focus on execution and growth."