Tapestry appoints Scott Roe CFO and head of strategy
Tapestry, Inc., parent company of Coach, Kate Spade and Stuart Weitzman, announced on Thursday the appointment of Scott A. Roe, as chief financial officer, effective June 1, 2021.
Roe will replace Andrea Shaw Resnick, who has held the position of Interim CFO since July 2020. With the appointment, Resnick will assume the newly created role of chief communications officer, while in addition, Christina Colone, currently vice president of investor relations, will be promoted to global head.
In his new role, Roe will be responsible for all finance functions as well as leading the company’s strategy and consumer insights teams.
Roe joins from VF Corporation where he has had a successful 25-year career and mostly recently served at CFO since April 2015. Prior to this, Roe served in a number of senior management positions including vice president, controller and chief accounting officer, vice president of finance for VF’s Jeanswear and Imagewear coalitions, and CFO of the International Business. Before joining VF, he worked in the OEM Automotive and Basic Materials industries after beginning his career at Ernst & Young.
“Scott is a highly strategic CFO with twenty five years of experience in consumer, retail, and apparel businesses, and deep expertise successfully developing global multi-brand platforms,” said Joanne Crevoiserat, chief executive officer of Tapestry, Inc.
“With a grounding in brand and operational finance roles, he manages from a commercial mindset balanced with enterprise thinking. As a leader, Scott is both dynamic and progressive, and believes in soliciting diverse perspectives while working to build and empower collaborative and high-performing teams. I am confident that Scott is the right leader and strategic business partner as we drive Tapestry’s next chapter of growth.”
“Tapestry is an exceptional company with iconic global brands and a disciplined focus on delivering results. I look forward to working with Joanne and the talented management team to further enhance the Company's strategy, financial and operational performance, while strengthening its competitive position in the rapidly changing consumer environment,” added Roe.
In February, Tapestry said it expects full-year revenue to increase at a high-single digit rate on a 52-week basis and around 10 percent on 53-week basis. Analysts expected full-year revenue to rise 6.9 percent.
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