VF Corp announces departure of Chief Financial Officer
With a 28-year career at VF Corp, Robert Shearer has seen how the American group has changed. Having been hired in 1986 as assistant controller, at a time when the group already owned Lee, Wrangler and Jansport, Shearer gradually rose in the ranks, becoming chief financial officer in 1998.
The group said that during his tenor as head of the company’s financial division, its turnover more than doubled to 11.4 billion dollars (8.348 billion euros) in 2011. He was even named the best chief financial officer in the textile sector by independent analysts in 2013 and 2014.
He notably oversaw the sale of the group’s underwear business, in particular Vanity Fair to Fruit of The Loom in 2007. He was also involved in the acquisition of Timberland in mid-2011.
But now Shearer is preparing for retirement in March. His successor, who will have the difficult task of taking his place, has already been named. At least, he is already familiar with the company.
Roe Scott joined VF in 1996 after having worked at Ernst & Young, as well as at the companies Blue Circle and Alumax. Initially a senior auditor, he has served as vice president, controller and chief accounting at VF since 2012.
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