Capri Holdings Appoints Justin Boxford as Chief Executive Officer
By EC Assets · Published
Capri Holdings Limited has appointed Justin Boxford as its new Chief Executive Officer as part of a formal leadership succession plan. The global fashion luxury group confirmed the appointment on Wednesday, noting that Boxford will also join the company's Board of Directors. The leadership change comes as the Michael Kors parent company restructures its top executive team. Boxford previously served as a senior and longtime executive at Estee Lauder before moving to lead Capri Holdings. Reports that Boxford was preparing to step into the chief executive role surfaced late Tuesday ahead of the formal succession announcement. Capri Holdings, which trades on the New York Stock Exchange under the ticker CPRI, operates as a prominent parent entity in the luxury fashion market. Shares of Capri were up 1.64% following the disclosure of the leadership transition. This article is intended for informational purposes only. It does not constitute investment advice.
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