Clothing and home goods maker Ralph Lauren has appointed long-time Procter & Gamble (P&G) executive Christopher Peterson as its chief financial officer (CFO). He will also hold the title of senior vice president (SVP) when the appointment takes effect on 24 September, with responsibility over Ralph Lauren’s global finance and information technology organisations.
Peterson replaces Tracey Travis, who in July was named CFO at makeup and skin care company Estee Lauder, effective from 20 August.
At Ralph Lauren, Peterson will report to Roger Farah, president and chief operating officer (COO). Over the past 20 years, Peterson held corporate and operational positions with P&G. Most recently, he has served as CFO of P&G’s global household care division, where he has been responsible for strategic planning and financial management of businesses with combined annual revenues of about US$45bn.
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