V F : VF Corporation Announces Veronica Wu Has Stepped Down From Its Board of Directors (Form 8-K)
September 07, 2021 at 04:42 pm EDT
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VF Corporation Announces Veronica Wu Has Stepped Down From Its Board of Directors
DENVER--(BUSINESS WIRE)--September 7, 2021--VF Corporation (NYSE: VFC), today announced that Veronica Wu has informed VF of her decision to step down from the company's Board of Directors, effective immediately. Ms. Wu's decision to step down from the Board was not the result of any disagreement with VF on any matter relating to VF's operations, policies or practices.
Wu was appointed to the VF Board of Directors in March of 2019.
In connection with Wu's stepping down, the size of the VF Board will be reduced from 12 members to 11 members until a new director is identified.
About VF
Founded in 1899, VF Corporation is one of the world's largest apparel, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. Our purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. We connect this purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good. For more information, please visit vfc.com.
VF Corporation published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 20:41:08 UTC.
V. F. Corporation specializes in designing, producing, and marketing men's, women's, and children's clothing and accessories. Net sales break down by family of products as follows:
- casual and active apparel, footwear and accessories (45%): Vans®, Supreme®, Kipling®, Napapijri®, Eastpak®, JanSport® and Eagle Creek® brands;
- outdoor apparel, footwear and equipment (44.7%): The North Face®, Timberland®, Smartwool®, Icebreaker® and Altra® brands;
- work clothing and footwear (10.2%): Dickies® and Timberland PRO® brands;
- other (0.1%).
Net sales break down by source of income between sales of products (99.4%) and royalties (0.6%).
Net sales are distributed geographically as follows: the United States (50.2%), Americas (5%), Europe (28.3%) and Asia/Pacific (16.5%).