leadership
confidence high
sentiment neutral
materiality 0.65
Capri Holdings CFO Thomas Edwards resigns; Rajal Mehta named Interim CFO effective June 20
Capri Holdings Ltd
- Thomas J. Edwards Jr. resigns as EVP, CFO and COO, effective June 20, 2025, to pursue another opportunity; no accounting or disagreement issues.
- Rajal Mehta, current Michael Kors CFO, appointed Interim CFO; base salary $400,000, target cash incentive 50% of base, plus $200,000 transition bonus.
- Patricia Gabriel, SVP Chief Supply Chain Officer, now reports directly to CEO John Idol; company has begun search for permanent CFO.
- CEO Idol expressed confidence in strategies from recent Investor Day to return Capri to growth.