On October 3, 2016, the board of directors of V.F. Corporation, in furtherance of its management succession plan, elected Steven E. Rendle as Chief Executive Officer, effective January 1, 2017. Mr. Rendle, 57, has been President and Chief Operating Officer, and a member of the its board of directors, since June 2015. He served as Senior Vice President – Americas from April 2014 until June 2015 and as Vice President and Group President – Outdoor & Action Sports Americas from May 2011 until April 2014.

Eric C. Wiseman will continue to serve as Chairman; he will step down from the position of Chief Executive Officer upon the promotion of Mr. Rendle effective January 1, 2017.