Capri Holdings, the parent company behind renowned luxury brands Michael Kors, Versace, and Jimmy Choo, has welcomed a new member to its board of directors. Mahesh Madhavan, the CEO of Bacardi Limited, will join the board and play a key role in shaping the company’s growth strategy.
Effective immediately, Madhavan will serve on Capri Holdings’ Compensation and Talent Committee, as well as the Governance, Nominating, and Corporate Social Responsibility Committee. This appointment brings the total number of board members to eight.
John D. Idol, the chairman and CEO of Capri Holdings, expressed his excitement about Madhavan’s addition to the board. He highlighted Madhavan’s extensive global experience in leading and strengthening consumer goods companies, as well as his profound knowledge of international markets.
The board firmly believes that Madhavan’s operational expertise will play a vital role in driving growth and delivering value to shareholders. They eagerly anticipate his contributions and warmly welcome him to the team.
Madhavan boasts an impressive track record of over 25 successful years at Bacardi Limited, assuming the position of CEO in 2017. Prior to that, he held various leadership positions across different regions.
Expressing his excitement and honor, Madhavan acknowledged Capri Holdings’ status as a powerhouse in the luxury fashion industry, housing three iconic brands. He is eager to contribute to the continuous success of Capri Holdings and support the execution of their global growth strategy.
Capri Holdings recently unveiled its plans to further invest in China, aiming to boost sales in the region. This move reflects the company’s commitment to expanding its presence in the flourishing Chinese luxury market.
With the addition of Mahesh Madhavan to its board of directors, Capri Holdings solidifies its leadership team and sets itself up for future growth and triumph.
Useful links:
– Capri Holdings official website
– About Capri Holdings
