VF Corporation has got its new CFO!
The American apparel and footwear retailer has appointed Matt Pucket as its Chief Financial Officer, which is its second major announcement this week.
Earlier this week, the retailer had announced Kristin Harrer as Global Chief Marketing Officer.
Matt Pucket, the new CFO, will be replacing Scott Row who was with VF Corporation for 25 years.
Notably, Matt is not new to VF Corporation, as he has been working with the company for 20 years in various roles – including as CFO of Timberland which VF Corporation had bought in 2011.
VF Corporation has been making some major appointments lately as it is finding ways to move forward in a market that’s severely plagued by the pandemic. In its last quarter, the company had seen its net revenue go down by 6 per cent to US $ 3 billion.
Also Read: VF Corp. revenue decreases by 6%
With vaccine rollout picking up pace and retail sales doing well in March, VF Corporation is, reportedly, expecting total revenues to reach above 2019 quarterly levels by September 2021.
Founded in 1899, the company generated US $ 13.8 billion in 2019.