CEO of parent company of Coach and Kate Spade resigns

In this Feb. 8, 2018, file photo the designs of Stuart Weitzman are displayed in The Pool, in the former Four Seasons Restaurant, during New York Fashion Week. The parent company of the Kate Spade, Stuart Weitzman, and Coach fashion brands said Tuesday, July 21, 2020, that Jide Zeitlin, its chairman, and CEO, has resigned from the company and board for personal reasons, effective immediately. Zeitlin, who had been chairman since November 2014 of Tapestry Inc., took over as CEO in September 2019 after the New York-based company ousted its then-CEO Victor Luis. (AP Photo/Richard Drew, File)

NEW YORK — The parent company of the Kate Spade, Stuart Weitzman, and Coach fashion brands said Tuesday that its chairman and CEO Jide Zeitlin has resigned from the company and board for personal reasons, effective immediately.

Zeitlin, who had been chairman since November 2014 of Tapestry Inc. took over as CEO in September 2019 after the New York-based company ousted its then-CEO Victor Luis.

Zeitlin was among only four Black CEOs of Fortune 500 companies.

Joanne Crevoiserat, chief financial officer, has been appointed interim CEO of Tapestry while the company searches for a successor. The company said it will look at both internal and external candidates.

Todd Kahn, president and chief administrative officer and company secretary, will serve as interim chief executive officer and brand president of Coach. Andrea Shaw Resnick, global head of investor relations and corporate communications, has been named interim chief financial officer.

In addition, Susan Kropf, the company’s lead independent director, has been appointed chair of the board.