---
schema_version: "secwatch.filing_event.v1"
accession: "0001530721-24-000127"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T11:19:52.975601+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Michael Kors CEO Cedric Wilmotte exits; John Idol assumes CEO role; Philippa Newman promoted to CPO

## Summary
- Cedric Wilmotte, CEO of Michael Kors, leaves Capri Holdings effective Nov 26; garden leave through March 29, 2025.
- John D. Idol, Capri Holdings CEO, will serve as Michael Kors CEO; Philippa Newman named Michael Kors Chief Product Officer.
- Newman, former President of Accessories and Footwear, will oversee design, merchandising, production, and licensing.
- Wilmotte receives $1M base salary continuation, $1M target cash incentive for FY2025, and $500K cash payment.
- Reorganization intended to stabilize revenues and return Michael Kors to growth, per the company.

## SEC filing metadata
- accession: 0001530721-24-000127
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000153072124000127/0001530721-24-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000153072124000127/cpri-20241126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001530721-24-000127
- JSON: https://secwatch.observer/filing/0001530721-24-000127.json
- Plain text: https://secwatch.observer/filing/0001530721-24-000127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.