Kontoor Brands Adds Jamie Caulfield and Michael Skipworth to Board, Expanding to Nine Directors

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Summary · why it matters

Kontoor Brands, Inc. announced that Jamie Caulfield and Michael Skipworth have been elected to its board of directors effective immediately, and that the size of the board has been increased from seven to nine directors. Caulfield, 67, most recently served as Executive Vice President and Chief Financial Officer of PepsiCo, Inc., a global beverage and convenient foods portfolio company that generates nearly $94 billion in net revenue, and spent more than 30 years at PepsiCo in senior finance roles including Senior Vice President and Chief Financial Officer of PepsiCo Foods North America and Senior Vice President, Investor Relations from 2011 to 2019. He will serve on the Audit Committee and the Nominating & Governance Committee. Skipworth, 49, serves as President and Chief Executive Officer of Wingstop Inc., a Dallas-based company that operates and franchises more than 3,000 restaurants worldwide, and previously held roles including President and Chief Operating Officer at Wingstop as well as positions at Cardinal Logistics Holdings, LLC and KPMG LLP. He will serve on the Audit Committee and the Talent and Compensation Committee. Chief Executive Officer and Chairman of the Board Scott Baxter said the two bring decades of financial and portfolio leadership and a proven track record scaling a high-growth consumer brand, and that their perspectives will help inform how the company manages its portfolio, drives growth and strengthens its multi-brand platform.

Impact on assets 3

Consumer Discretionary▲ · 2 stocks
Kontoor Brands Inc
KTB
▲ PositiveCapitalrelevance

Kontoor Brands expands its board to nine directors with two new appointees, a governance/capital event for the company.

Consumer Staples▲ · 1 stocks

Off-coverage companies 1

Cardinal Logistics Holdings, LLCPrivate± Mixed
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