Ralph Lauren appoints Bob Ranftl COO, Mercedes Abramo North America CEO

Ralph Lauren Corporation has appointed Bob Ranftl as Chief Operating Officer, effective March 30, 2025, as part of a strategic succession plan following the departure of Jane Nielsen. Ranftl, who has been with the company since 2015 and served as Regional CEO for North America, will oversee key functions including IT and logistics. He will be succeeded in his previous role by Mercedes Abramo, who joins from Cartier and brings extensive luxury retail experience. Patrice Louvet, CEO of Ralph Lauren, emphasized that both appointments are crucial for driving sustainable growth in North America. The company reported a 6% year-over-year revenue increase in its recent fiscal quarter, highlighting a positive trend under Ranftl's leadership. These changes aim to reinforce Ralph Lauren's market positioning both regionally and globally.