Tapestry says chairman and ceo jide zeitlin to step down

Tapestry, inc. announces interim leadership changes.tapestry inc - chairman and chief executive officer jide zeitlin to step down.tapestry inc - joanne crevoiserat, chief financial officer, has been appointed interim chief executive officer of tapestry, inc.tapestry inc - susan kropf, company's lead independent director, has been appointed chair of board of directors.tapestry inc - todd kahn, president, chief administrative officer and company secretary, will serve as interim chief executive officer.tapestry inc - commencing a search for a permanent ceo, which will include internal and external candidates.tapestry inc - andrea shaw resnick has been named interim chief financial officer of company.tapestry inc - q4 results expected to exceed internal expectations from a top and bottom-line perspective..tapestry inc - ended year with a cash balance of about $1.4 billion.tapestry inc - q4 results, though pressured by covid-19 pandemic, exceeded internal expectations from a top and bottom-line perspective.tapestry inc - q4 gross margin expected to expand on a y-o-y basis.tapestry inc - q4 gross margin expanded on a year-over-year basis, reflecting lower promotional activity.tapestry inc - q4 inventory declined from prior year.
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