Capri Holdings Announces CFO Transition, Appoints Rajal Mehta Interim

Capri Holdings has announced that Thomas Edwards Jr., its Executive Vice President, CFO, and COO, will depart the company to pursue a new opportunity, remaining until June 20, 2025. Rajal Mehta, currently the CFO of Michael Kors, will serve as Interim CFO following Edwards' departure, while Patricia Gabriel continues as Chief Supply Chain Officer. The decision to transition leadership comes as Capri seeks a permanent successor for Edwards amid a notable leadership change, including Donatella Versace stepping down from her chief designer role. Capri's Chairman and CEO John Idol expressed gratitude for Edwards' contributions over the past eight years and confidence in Mehta's ability to lead during this period. The company has begun searching for a replacement and aims to ensure stability in its financial and operational sectors. Capri's stock experienced a slight decline of 0.79% in pre-market trading following the announcement.