A CFO is making moves in the fashion world.
On Thursday, Ralph Lauren CEO Stefan Larsson is expected to announce the hire of Coach’s former CFO Jane Hamilton Nielsen, according to the Wall Street Journal. The publication reports that Nielsen will be appointed to the same role in her new company.
She would replace current financial chief Robert Madore, who has been at Ralph Lauren since April 2015. Nielsen’s hire is just one of series of leadership changes made by Larsson since he stepped into the CEO job in November.
The news comes a day after the WSJ reported that Nielsen was resigning from her post at Coach, where she held the CFO post since 2011 and was credited for helping turn the company around. Coach recently reported its first quarterly sales growth in nearly three years.
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Nielsen’s move comes amidst a troubled time at Ralph Lauren, which unveiled plans to cut 1,000 jobs and close 50 stores during an investor presentation on Tuesday.