Steven Rendle will be the next CEO of VF Corporation and will take over next year. He succeeds Eric Wiseman, who has been CEO since 2008. Rendle has more than 30 years of experience in the specialty outdoor and action sports industry, 16 of which have been with VF Corp. He has overseen all of VF’s divisions at one point or another.
VF includes brands like The North Face, Timberland and Vans. Shares of VF Corporation have surged about 180 per cent under Wiseman’s steady hand, as he has spurred a consistent stream of product innovation at The North Face and Vans that helped the company navigate headwinds such as mass department store closures and the shift to online shopping. Further Wiseman orchestrated one of the biggest deals in VF’s history in the two billion dollar purchase of boot maker Timberland in 2011.
Wiseman will stay on as executive vice chairman of the board of directors. Meanwhile, at Macy’s, President Jeff Gennette will assume the role of CEO in the first quarter of 2017. Gennette has been president since 2014. Gennette will succeed Terry Lundgren, who has been CEO since 2004. Like Wiseman at VF, Lundgren will continue to serve as executive chairman.
