Deckers appoints Victor Luis to board
The appointment coincides with the resignation of James Quinn, who has served as a member of the Deckers Board since 2011.
Luis most recently served as the chief executive officer and on the board of directors of Tapestry, Inc. His career with the New York-based parent company of luxury brands Coach, Kate Spade and Stuart Weitzman started in 2006 when he joined as president and chief executive officer, Coach Japan. He later become chief commercial officer in 2013 and then chief executive officer of Coach, Inc. in 2014.
Prior to that, he was the president and chief executive officer of Baccarat Inc., where he ran the North American operation of the French luxury brands. He equally joined the Moët-Hennessy Louis Vuitton Group (LVMH) in 1995, ultimately advancing to president and chief executive officer of its subsidiary Givenchy Japan Incorporated, before leaving LVMH in 2002.
"I am excited to join the Deckers board of directors. I have long admired its portfolio of iconic brands that blend fashion and performance innovation to drive consumer connections," said Luis, in a news statement.
"I look forward to supporting the management team in the execution of global strategies that build upon the success they have driven over the past few years.”
The Goleta, California-based footwear, accessories and apparel company reported net sales of $2.13 billion for the full fiscal year 2020, up 5.6% (6.5% in constant currencies) from $2.02 billion in fiscal 2019. Annual net income was $276.1 million, or $9.62 per diluted share, compared to $264.3 million, or $8.84 per diluted share.
Deckers Brands’ portfolio includes Ugg, Koolaburra, Hoka One One, Teva and Sanuk.
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