Tapestry, parent company of brands Kate Spade, Stuart Weitzman and Coach, has announced that Coach CEO and Brand President Joshua Schulman will leave the organization after a transition period. Jide Zeitlin, who was named CEO of Tapestry in September 2019, will oversee Coach’s strategy and operations until a permanent successor is found. Zeitlin also has committed to leading the entire company for the next three years as Tapestry defines and implements its multi-year growth agenda.
“Since becoming CEO, I have had the opportunity to immerse myself in the Company, including leading an in-depth review of the brands and businesses,” said Zeitlin in a statement. “The review revealed attractive growth opportunities for Coach, Kate Spade and Stuart Weitzman, which we will unlock by further leveraging each brand’s differentiated positioning and strong consumer connections, powered by a modern, agile Tapestry platform.”
Schulman’s departure is just the latest high-level change at Tapestry: last month, the company announced there would be new leaders for the company’s key brands. Liza Fraser was named CEO and Brand President of Kate Spade; Giorgio Sarné was promoted to CEO and Brand President of Stuart Weitzman; and Yann Bozec was promoted to President of Tapestry Asia Pacific, in addition to his role as CEO and Brand President of Coach China.