Ralph Lauren Corporation (NYSE: RL) announced today the appointment of Daniel Lalonde to President of Ralph Lauren International effective January 23, 2012. In this newly created position, Mr. Lalonde will oversee all of the Company’s international operations. Based in New York, Lalonde will report directly to Roger Farah, President and Chief Operating Officer, Ralph Lauren Corporation.
“International growth is a key strategic initiative for our company. After achieving tremendous success in Europe, we are very focused on continuing those efforts and on expanding our presence throughout Asia,” said Ralph Lauren, Chairman and CEO. “Daniel is a seasoned and talented leader within our industry. I look forward to working closely with him to further elevate and grow the Ralph Lauren brand in our international markets.”
“We are thrilled to have Daniel join our leadership team. His extensive background and proven track record in growing global luxury businesses positions him well to assume this critical role as we continue to strengthen our business worldwide,” said Roger Farah, President and Chief Operating Officer.
Over the past 10 years, Lalonde served in a variety of key management positions within LVMH Moet Hennessy Louis Vuitton. Most recently, Lalonde held the position of President and Chief Executive Officer, Moet & Chandon, based in Paris. Prior to that assignment, Lalonde led Louis Vuitton’s North America division as President and Chief Executive Officer. He began his career with LVMH in 2002 as President of their watch and jewelry division and Tag Heuer Divisions, based in Springfield, New Jersey. Prior to joining LVMH, Lalonde’s international career included assignments such as Chief Operating Officer of Nestle Nespresso S.A., in Lausanne, Switzerland and President & CEO of Nespresso N.A.Mr. Lalonde holds an MBA from INSEAD in France, where he currently serves on the Board of Directors. RALPH LAUREN CORPORATION Ralph Lauren Corporation (NYSE: RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 44 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Rugby, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, American Living, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands. For more information, go to http://investor.ralphlauren.com.
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