Ralph Lauren Global Brands President Christopher Peterson resigns

Ralph Lauren Corporation has announced departure of Christopher Peterson, President, Global Brands as of May 31, 2016. He will work closely with Stefan Larsson, President and Chief Executive Officer, to transition his responsibilities.

The position of President, Global Brands, which was created in April 2015, is being eliminated. The company’s Global Brand Presidents will now report directly to Larsson, giving him direct oversight of brands.

“I would like to thank Chris for his many valuable contributions to Ralph Lauren, especially during this time of transition. His dedication and loyalty are greatly appreciated. Under the new structure, I will work directly with the Global Brand Presidents as we drive long-term growth and further strengthen this iconic brand,” said Larsson.

“It has been a privilege to work for such an iconic company. I believe the company is well positioned for future success under Stefan’s leadership. I am committed to transitioning my responsibilities in a high-quality manner and believe this transition makes the most sense for me as well as for the company,” added Peterson.

Peterson joined the company in 2012 and until April 2015, held the position of Executive Vice President, Chief Administrative Officer and Chief Financial Officer.