Ralph Lauren, the premium lifestyle brand and retailer, has announced the departure of senior vice president and chief financial officer, Tracey Travis.
The maker of Polo, Club Monaco and Chaps brands of clothing, home fashions and fragrances said in a current report filed with the Securities and Exchange Commission that Travis will leave on July 30, to “pursue other interest.” Travis notified Ralph Lauren of her decision on Monday, it said.
Robert Madore, senior vice president of finance, will take the role from Travis on an interim basis, effective July 30, the company said in an SEC filing yesterday (17 July). Madore, who has been with the company since 2004, is responsible for corporate finance, financial planning and analysis, capital management and financial reporting. Ralph Lauren said it is considering both internal and external candidates to replace Travis.
Shares of the company closed at $142.02 on Tuesday on the New York Stock Exchange. They were down 1.4 percent in after market trade. (Reporting by Aditi Shrivastava in Bangalore)