Ralph Lauren Corporation announced that Mr. Joel Fleishman, after twenty-two years of service on its Board of Directors, will not stand for reelection for his term set to expire at the end of July at the 2021 Annual Meeting of Stockholders. In addition, effective after the 2021 Annual Meeting, Mr. Hubert Joly, Former Chairman and Chief Executive Officer of Best Buy Co. Inc. and Chair of company's Finance Committee, has been appointed to serve as the Board’s new Lead Independent Director replacing Mr. Frank Bennack. Mr. Bennack will continue to serve on its Board.