US upscale leather goods maker Coach said on Thursday that longtime CEO Lew Frankfort will step down in January 2014 and be replaced by Victor Luis, who currently oversees all of Coach’s businesses outside North America as President of Coach International Group.
Luis has been a member of the company’s senior leadership team for the past seven years and has led Coach’s successful expansion strategy in Asian markets. As Chief Commercial Officer, Luis will now be responsible for all business units, merchandising, licensing, corporate strategy and consumer insights.
Lew Frankfort will stay on as executive chairman, continuing to work closely with Victor Luis after handing over the reins to his successor next year.