VF Corporation has announced the appointment of Velia Carboni to the new position of Chief Digital Officer. Carboni will serve on the company's executive team and report to Chairman, President and CEO, Steve Rendle.
The company saw revenues rise by 20% in the fourth quarter and 7% for the full year 2017. The group also decided to sell Nautica during the fourth quarter and has classified it as a discontinued business.
VF's second quarter revenue increased 2% from the prior year and total revenues and net sales for the 6 months ended in June were flat. The company updated its fiscal 2017 outlook and expects $11.65 billion in revenue.