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Ralph Lauren shuffles leadership team

Ralph Lauren Corporation on Wednesday announced plans to introduce changes to its leadership team and to create an Office of the Chairman, led by Chairman and CEO Ralph Lauren, and including Roger Farah, Jackwyn Nemerov and Christopher Peterson.

Roger Farah, currently President and COO, will become Executive Vice Chairman. Jackwyn Nemerov, currently Executive Vice President (EVP), will become President and COO. Christopher Peterson, currently Senior Vice President (SVP) and CFO, will be Executive Vice President and Chief Administrative Officer (CAO) in addition to his role as CFO.

"The Office of the Chairman is being created to enhance the company’s ability to support the growth of the business in an increasingly complex global environment and capitalise on new business opportunities," the company said in a statement. Farah, Nemerov and Peterson will report directly to Lauren. In his new role, Farah will be responsible for engaging in strategic projects and business development, as well as advising the Chairman and mentoring and counselling the management team.

Jackwyn Nemerov, in her new capacity as President and COO, will be responsible for global merchandising, manufacturing and supply chain operations as well as the company’s retail, wholesale and licensing businesses worldwide. Nemerov has most recently served as Executive Vice President of Wholesale Apparel, Home, Accessories and Footwear, Product Licensing, Merchandising, Global Sourcing and Supply Chain, she has been responsible for the management of all men’s, women’s and children’s wholesale brands, licensed apparel and accessories and manufacturing.

Christopher Peterson, in his new capacity as EVP and CAO, will oversee legal, corporate facilities, global real estate, and corporate services and will also continue in his role as CFO to lead the global finance and information technology organizations, including financial planning and analysis, accounting, tax, treasury and investor relations. Peterson has been SVP and CFO of the Company since September 2012.

"The changes will be effective as of 1 November 2013," the company said.