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Vans’ Kevin Bailey will step down from the role of global brand president this month and will begin to lead a new division under the retailer’s parent company, VF Corporation (NYSE: VFC).
Vans' revenue drops 23% in VF Corp.’s fiscal second quarter as it looks for a new Vans global brand president.
In September, Logitech's co-founder Daniel Borel stepped up his call for the company to find a new chairperson, objecting to Wendy Becker's re-election to the role, saying the computer peripherals makers had lost its way under Becker.
Shares of troubled VF Corp (VFC) sank 9.5%, the morning after management withdrew its fiscal year revenue and profit forecasts.
Logitech has appointed the permanent successor to Bracken Darrell. Since Darrell left in June to lead footwear brand Vans, board member Guy Gecht has been in charge of the workplace and gaming tech giant. Now, the company has named experienced FMCG and retail exec Hanneke Faber to take on the role on a permanent basis.