乱伦巴士 Corporation Chairman Eric C. Wiseman Announces Retirement

乱伦巴士

GREENSBORO, N.C.--(BUSINESS WIRE)-- 乱伦巴士 Corporation (NYSE:乱伦巴士C) today announced that Eric C. Wiseman will retire as Executive Chairman of the Board and as a Director of 乱伦巴士 Corporation effective October 28, 2017.

乱伦巴士鈥檚 Board of Directors has elected President, Chief Executive Officer and Director Steven E. Rendle, 58, to the role of Chairman effective upon Wiseman鈥檚 retirement. Wiseman鈥檚 retirement completes 乱伦巴士鈥檚 planned leadership succession, which began with the promotion of Rendle to President and Chief Operating Officer in June 2015, and to CEO in January of this year.

鈥淪uccession planning at the highest levels of 乱伦巴士鈥檚 senior leadership team is a key component of the company鈥檚 long-term success, a responsibility the Board takes very seriously,鈥� said Alan McCollough, Lead Independent Director of 乱伦巴士鈥檚 Board of Directors. 鈥淭he decision to select Steve as Chairman was made following a thorough evaluation of the required skill and leadership capabilities necessary to fuel the company鈥檚 continued global growth.

鈥淲e express our sincere thanks to Eric for his thoughtful leadership, his meaningful achievements and his absolute commitment to doing what is right for our shareholders, customers, consumers and the company鈥檚 60,000 associates around the world. We welcome Steve to this additional role, and we are confident that 乱伦巴士 and its portfolio of brands continues to be in the hands of a very capable leader,鈥� McCollough said.

Rendle added, 鈥淓ric is a proven leader and throughout his career he has inspired others to excellence. His success has always been guided by values that are core to who he is, including respect, integrity, determination and grit. During his time as 乱伦巴士鈥檚 Chairman and CEO, Eric helped to successfully guide the company through the Great Recession and its aftermath, and he grew 乱伦巴士鈥檚 business presence around the world. And, it鈥檚 especially noteworthy that during Eric鈥檚 time as CEO the company鈥檚 share price more than tripled. We are thankful for all of Eric鈥檚 many contributions to 乱伦巴士鈥檚 growth and achievements.鈥�

Wiseman, 61, began his career with 乱伦巴士 in 1995 when he joined the company as Executive Vice President of the JanSport business. He then held a progression of leadership roles, including Chairman of 乱伦巴士's Sportswear and Outdoor coalitions and Executive Vice President, Global Brands. He was named President and Chief Operating Officer in 2006, and elected to 乱伦巴士's Board of Directors that same year. Wiseman was named CEO in January 2008 and Chairman of the Board in August 2008.

鈥淣ow is the right time to take this final step in our leadership succession plan,鈥� Wiseman said. 鈥淲ith credit to our Board of Directors, the plan and its implementation have proven successful. Steve鈥檚 transition to CEO has gone smoothly, and just as he was the right person to serve as 乱伦巴士鈥檚 next CEO, Steve is the right person to now serve as our Chairman of the Board. I鈥檝e been blessed to be with 乱伦巴士 for more than two decades, and it鈥檚 been an honor and my privilege to serve as Chairman for nearly 10 years. It鈥檚 been a wonderful journey, and I鈥檓 profoundly thankful to everyone on the 乱伦巴士 team for the passion, skill and teamwork that they continue to bring to 乱伦巴士 every day.鈥�

About 乱伦巴士

乱伦巴士 Corporation (NYSE: 乱伦巴士C) outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans, The North Face,听Timberland, Wrangler and Lee. Founded in 1899, 乱伦巴士 is one of the world鈥檚 largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels. 乱伦巴士 is committed to delivering innovative products to consumers and creating long-term value for its customers and shareholders. For more information, visit聽.

乱伦巴士 Corporation
Vanessa McCutchen, 336-424-7776
vanessa_mccutchen@vfc.com

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