With Coach CEO Out, Tapestry CEO Vows to Stay for 3 Years

Tapestry (NYSE: TPR) continues to shake up its executive offices as it announced Joshua Schulman, the CEO of its Coach leather handbag business, will exit the company that has seen a number top executives leave over the past few years.

The fashion retailer saw its CFO leave the company, followed a year later by CEO Victor Luis, who abruptly resigned his position and vacated his board seat. Chairman Jide Zeitlin, who assumed the CEO role, vows to remain with Tapestry for the next three years.

Image source: Getty Images.

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Source Fool.com