Capri unveils leadership shake-up with CFO and COO shift

Capri Holdings has disclosed that Thomas Edwards Jr, who holds the positions of enforcement vice-president, main fiscal serviceman (CFO) and main operating serviceman (COO), volition beryllium departing from the institution to instrumentality connected a caller opportunity.

Edwards is scheduled to stay successful his existent relation until 20 June 2025.

He is acceptable to articulation Macy's, wherever helium volition instrumentality connected the roles of COO and CFO.

During his 8 years with Capri, Edwards has been instrumental successful driving cardinal initiatives including the acquisition and assimilation of the Versace and Jimmy Choo brands into the Capri portfolio. He besides played a pivotal relation successful establishing shared services and infrastructure crossed the organisation.

The enactment shake-up comes aft Donatella Versace assumed the relation of marque ambassador for Versace on1 April 2025, stepping down from her main decorator duties.

Capri, the proprietor of the Versace, Jimmy Choo and Michael Kors brands, has begun the hunt for a successor to Edwards.

Rajal Mehta, presently serving arsenic CFO for Michael Kors brand, volition instrumentality implicit arsenic the interim CFO of Capri Holdings.

Mehta's acquisition spans aggregate roles wrong concern since joining Michael Kors successful 2008.

His erstwhile positions see divisional vice-president for firm fiscal readying and investigation astatine Capri Holdings and finance-related roles astatine Toys“R”Us and Ralph Lauren.

Patricia Gabriel volition support her presumption arsenic elder vice-president and main proviso concatenation officer, overseeing planetary operations.

Both Mehta and Gabriel volition study straight to Capri Holdings president and CEO John Idol.

Idol stated: “I would similar to convey Tom for his important contributions and outstanding enactment implicit the past 8 years and privation him each the champion successful his adjacent role. We are pleased to denote that Rajal Mehta volition presume the presumption of interim CFO. Raj has worked astatine the institution for much than 16 years and has a beardown knowing of our fiscal operations. I person afloat assurance successful his quality to pb our concern team.

“Additionally, I americium pleased to person Patricia Gabriel present reporting to me. Gabriel is simply a proven enforcement who has been with Capri since 2022 and has made a important interaction connected strengthening our planetary operations and proviso concatenation efforts. Capri Holdings has highly susceptible fiscal and operational organisations with seasoned executives to guarantee continuity and stableness during this transition.”

Capri reported a alteration successful gross for the 3rd 4th (Q3) of the fiscal twelvemonth 2025 (FY25), with net falling to $1.26bn from $1.42bn successful Q3 FY24.