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Ford Foundation President Darren Walker has been appointed as an independent director of Ralph Lauren for election at the company’s annual meeting of shareholders to be held on July 30, 2020.
On this occasion, the company also announced that Joyce F. Brown and Robert C. Wright, after respectively 19 and 13 years of service on the Board of Directors, will not stand for re-election for their terms which expire at the end of July.
“When I met Darren in the fall, his strength of character, diverse experience and deep passion for positively impacting the world were powerfully apparent – and I knew we could deeply benefit from his perspective on our Board,” said Ralph Lauren, President and Creative Director.
“Darren’s nomination comes at a critical moment for global business, and we believe he will not only add to the wealth of our existing expertise, but bring new perspectives as we deliver value for all of our stakeholders around the world,” added Patrice Louvet, President and CEO.
A new adventure for Darren Walker who has a lot of choice experiences. He has been President and CEO of the Ford Foundation for nearly seven years and has chaired the Philanthropic Committee. He also co-chairs the New York City Art Commission at the United Nations International Labour Organization on the Future of Work. In addition, he sits on the Board of Directors of PepsiCo and the National Gallery of Art, among others.
“I have long admired Ralph and the Ralph Lauren Corporation, and I am deeply honored to have the opportunity to join the Company’s Board of Directors,” said Darren Walker. “Ralph Lauren is an iconic, purpose-driven industry leader, and I welcome the opportunity to contribute to the Company’s continued success.”
Read also > RALPH LAUREN’S SHARES FALL AFTER WIDER-THAN-EXPECTED LOSSES
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