Coach Names Wendy Kahn as its CEO and Brand President of Stuart Weitzman

Coach, Inc. (NYSE: COH) revealed that it appointed Wendy Kahn as its CEO and Brand President – Stuart Weitzman, effective September 13, 2016. According to the company, Kahn would succeed Wayne Kulkin, its current CEO, who will become a consultant.Coach said that Kahn would come from Valentino Fashion Group, S.P.A., where she currently holds the position of CEO – Valentino, USA and V.F.G., USA & Canada, with full functional oversight of this subsidiary in all channels and areas of the businesses. Earlier, she was the SVP of Sales Marketing & Retail for Valentino between 2006 and 2008. Before Valentino, Kahn held progressively more senior leadership roles at LVMH Moët Hennessy Louis Vuitton from 1996-2006 at brands including Marc Jacobs, Celine and Pucci.Coach's CEO, Victor Luis, said, "Wendy's success in developing global luxury brands and extensive general management experience make her the ideal candidate to lead Stuart Weitzman, building on the brand's strong foundation. She is highly regarded as a brand champion and for her ability to drive growth in both wholesale and retail channels and across categories including footwear, apparel and accessories."Khan reacted to the appointment saying, "Coach is an exceptional company and Stuart Weitzman is a brand I've long admired, fusing fashion and fit, with a unique positioning at the gateway to luxury. I look forward to contributing to its growth and partnering with the entire leadership team."On Thursday, the stock traded 0.69 percent higher.