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VF Corporation Announces Veronica Wu Has Stepped Down From Its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
VF Corporation (NYSE: VFC) has announced the immediate resignation of Veronica Wu from its Board of Directors. Her departure, which is not linked to any disagreements regarding the company's operations or policies, will reduce the board size from 12 to 11 members until a new director is appointed. Wu joined the board in March 2019. VF Corporation, founded in 1899, is a leading global apparel and footwear company known for brands like Vans®, The North Face®, Timberland®, and Dickies®, promoting sustainable lifestyles.
Positive
Potential for fresh perspectives and leadership dynamics with the board reduction.
Negative
Concerns regarding continuity and experience gaps in the Board of Directors.
DENVER--(BUSINESS WIRE)--
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.
What is the reason for Veronica Wu's resignation from VF Corporation's Board?
Veronica Wu's resignation from the Board of Directors was not due to any disagreement with VF Corporation regarding its operations, policies, or practices.
How many members are on the VF Corporation Board after Wu's departure?
After Veronica Wu's resignation, the VF Corporation Board has been reduced from 12 to 11 members until a new director is appointed.
When was Veronica Wu appointed to the VF Board?
Veronica Wu was appointed to the VF Corporation Board of Directors in March 2019.
What impact could Veronica Wu's resignation have on VF Corporation?
Wu's resignation may lead to changes in board dynamics and could raise concerns about continuity and experience among the remaining directors.
