Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Veronica Wu Steps Down From VF Corp. Board

The Vans sneaker maker said it has started looking for a permanent chief executive and named Richard Carucci as interim chairman of the board.
The Vans sneaker maker said it has started looking for a permanent chief executive and named Richard Carucci as interim chairman of the board. (Shutterstock)
By
  • Marc Bain

Wu’s departure comes after a leaked email published by Axios showed her downplaying racism in the US and calling Black Lives Matter “the true racists.” In a statement, VF Corp., owner of brands including Vans, The North Face, and Supreme, said Wu had decided to step down from the board immediately and that the decision “was not the result of any disagreement with VF on any matter relating to VF’s operations, policies or practices.”

Wu, a Silicon Valley-based venture capitalist, joined VF’s board in March 2019. At the time, VF’s chief executive, Steve Rendle said her experience in technology and knowledge of the Chinese consumer landscape would be a “significant addition” to the company. With her departure, VF said it will reduce the size of its board from 12 members to 11 until it can find a new director.

Learn more:

Why Supreme Sold to VF Corporation

In a deal that values the New York streetwear brand at $2.1 billion, Supreme picks up a long-term partner with back-end prowess and ambitions to scale it past $1 billion in annual sales.

In This Article
Topics

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Chronicle the ‘Retail Apocalypse’ and emerging retail models, including DTC brands.

Indie Brands Are Making This Fashion’s Biggest Olympics Ever

Canada, France and Ireland are among the countries working with home-grown fashion talent to create uniforms for their teams at this summer’s Olympic Games. For these small labels, it’s an unprecedented opportunity to capitalise on one of sports’ largest events.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Forum
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Forum