Capri Holdings, a global luxury fashion group, has announced that M William Benedetto is set to retire from his role as lead director at the group on 28 July 2021.
Effective of Benedetto’s retirement, Robin Freestone, who has sat on the group’s board of directors since 2016, will be appointed as lead director.
John Idol, chairman and CEO at Capri, said: “On behalf of the entire Board of Directors, we wish to express our sincere gratitude to Bill for his many years of outstanding service.
“We are deeply grateful for the wisdom, guidance, and long-standing commitment he has demonstrated to our Company and its shareholders for the last 10 years.”
Capri has also announced the appointment of Marilyn Crouther to its board of directors.
Crouther will join the company from 1 June 2021, and serve in both the audit committee and compensation and talent committee.
She provides the role with over 30 years of experience delivering transformational technology and IT modernisation services, as well as a background in finance and accounting.
Currently CEO and principal at Crouther Consulting, she has also acted as senior vice president and general manager at DXC Technology Company and held a number of senior management positions at Hewlett Packard.
Idol called Crouther an “outstanding leader with a deep understanding of technology, finance, and international business”.
Crouther said: “It is an honour to join the board of directors of Capri Holdings and to support the growth strategy for the group and its iconic brands. I look forward to sharing my expertise and helping Capri drive value for its shareholders.”