Tapestry CEO Jide Zeitlin Abruptly Resigns

The chair and CEO of Tapestry (NYSE: TPR), the parent of designer brands Coach, Kate Spade, and Stuart Weitzman, abruptly resigned from both positions today for "personal reasons." In March he had said he intended to remain with Tapestry for the next three years.

The leather goods company tapped its CFO to temporarily fill the vacancy and will immediately launch a candidate search to find a permanent replacement.

Image source: Getty Images.

Source Fool.com