Kontoor Brands announces retirement of CFO Rustin Welton, appoints Joe Alkire as successor

Kontoor Brands, Inc.

Rustin Welton retiring as EVP & CFO effective Aug 31, 2023; advisory role through year-end.
Joe Alkire appointed EVP & CFO effective Aug 31, 2023; previously COO/CFO at BrüMate, VP at VF Corp.
Alkire base salary $700k, target STI 75% of base, target LTI $1.275M; sign-on equity ~$1.6M + $200k cash.
Alkire holds MBA from Chicago Booth, BS from Indiana Kelley; no family ties to executives.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Rustin Welton

Executive Vice President and Chief Financial Officer

KTB · Kontoor Brands, Inc.

Effective: 2023-08-31
Successor: Joseph A. Alkire
Filed: August 21, 2023, 7:59 PM ET

Mr. Alkire will succeed Rustin Welton, who will be transitioning out of his current role of Executive Vice President and Chief Financial Officer effective August 31, 2023, and will serve in an advisory role for a transition period.

Appointed

Joseph A. Alkire

Executive Vice President and Chief Financial Officer

KTB · Kontoor Brands, Inc.

Effective: 2023-08-31
Filed: August 21, 2023, 7:59 PM ET

On August 21, 2023, the Board of Directors of Kontoor Brands, Inc. (the “Company”) announced Joseph A. Alkire as Executive Vice President and Chief Financial Officer effective August 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rustin Welton departed as Executive Vice President and Chief Financial Officer at Kontoor Brands, Inc..

Action: retiring
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Alkire will succeed Rustin Welton, who will be transitioning out of his current role of Executive Vice President and Chief Financial Officer effective August 31, 2023, and will serve in an advisory role for a transition period.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph A. Alkire was appointed as Executive Vice President and Chief Financial Officer at Kontoor Brands, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 21, 2023, the Board of Directors of Kontoor Brands, Inc. (the “Company”) announced Joseph A. Alkire as Executive Vice President and Chief Financial Officer effective August 31, 2023.

View on SEC.gov

Kontoor Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001760965-23-000030

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