LONDON--(BUSINESS WIRE)--
Michael Kors (NYSE:KORS), a global luxury lifestyle brand, is pleased to
announce that effective October 1, Krista McDonough will be promoted to
the position of Senior Vice President, General Counsel, reporting to
John Idol, Chairman & Chief Executive Officer.
Krista McDonough joined Michael Kors in 2011, and has been Deputy
General Counsel since June 2015. Previously she was at Paul, Weiss,
Rifkind, Wharton & Garrison LLP. She has a law degree from New York Law
School.
“Since joining Michael Kors, Krista has been an integral part of the
Legal Department. She brings many strengths to this position,” says Mr.
Idol, “including valuable experience in corporate governance, securities
law, employment matters and intellectual property enforcement.”
Ms. McDonough succeeds Lee Sporn who, after 13 years as Michael Kors’
General Counsel, is retiring to become a full-time law professor. “I am
very grateful for Lee’s many contributions to Michael Kors,” says Mr.
Idol. “He has been a strong and important partner to me and to the
leadership team.”
About Michael Kors
Michael Kors is a world-renowned, award-winning designer of luxury
accessories and ready-to-wear. His namesake company, established in
1981, currently produces a range of products under Michael Kors
Collection, MICHAEL Michael Kors and Michael Kors Mens, including
accessories, footwear, watches, jewelry, ready-to-wear and a full line
of fragrance products. Michael Kors stores are operated, either directly
or through licensing partners, in some of the most prestigious cities in
the world, including New York, Beverly Hills, Chicago, London, Milan,
Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong.
Forward-Looking Statements
This press release contains forward-looking statements. You should not
place undue reliance on such statements because they are subject to
numerous uncertainties and factors relating to the Company’s operations
and business environment, all of which are difficult to predict and many
of which are beyond the Company’s control. Forward-looking statements
include information concerning the Company’s possible or assumed future
results of operations, including descriptions of its business strategy.
These statements often include words such as “may,” “will,” “should,”
“believe,” “expect,” “seek,” “anticipate,” “intend,” “plan,” “estimate”
or similar expressions. The forward-looking statements contained in this
press release are based on assumptions that the Company has made in
light of management’s experience in the industry as well as its
perceptions of historical trends, current conditions, expected future
developments and other factors that it believes are appropriate under
the circumstances. You should understand that these statements are not
guarantees of performance or results. They involve known and unknown
risks, uncertainties and assumptions. Although the Company believes that
these forward-looking statements are based on reasonable assumptions,
you should be aware that many factors could affect its actual financial
results or results of operations and could cause actual results to
differ materially from those in these forward-looking statements. These
factors are more fully discussed in the “Risk Factors” section and
elsewhere in the Company’s Annual Report on Form 10-K for the fiscal
year ended April 2, 2016 (File No. 001-35368), filed on June 1, 2016
with the U.S. Securities and Exchange Commission.
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Source: Michael Kors