Capri Holdings Limited announced that Mr. Joshua Schulman will be appointed Chief Executive Officer of the Michael Kors brand effective August 24, 2021, and will succeed John D. Idol as Chief Executive Officer of Capri Holdings in September 2022 when Mr. Idol will become Executive Chairman. Initially Mr. Schulman will be responsible for all aspects of the Michael Kors brand globally, reporting directly to John D. Idol, Chairman and Chief Executive Officer of Capri Holdings. Mr. Schulman joins Capri Holdings from Tapestry Inc. where he was previously President and CEO of the Coach brand. In September 2022, Mr. Schulman will succeed Mr. Idol as Chief Executive Officer of Capri Holdings and will be appointed to the Capri Holdings' Board of Directors. Upon Mr. Schulman's appointment as CEO of Capri Holdings, Mr. Idol will assume the role of Executive Chairman. He will work closely with Mr. Schulman to transition the role of CEO and continue to provide overall leadership to the Board of Directors.