Angela Ahrendts Named Lead Independent Director at Ralph Lauren Corporation

Ralph Lauren Corporation has announced a pivotal update to its Board of Directors, with Angela Ahrendts stepping into the role of Lead Independent Director after the Company's 2025 Annual Meeting of Shareholders. Ahrendts, who joined the Ralph Lauren Board in August 2018, brings a wealth of experience, currently serving as the chair of the Finance Committee and a member of the Nominating, Governance, and Sustainability Committee. This leadership transition marks the departure of Hubert Joly, who has been a cornerstone of the board for 16 years and Lead Independent Director since 2021, opting not to seek reelection.

The appointment of Ahrendts underscores Ralph Lauren's commitment to enriching its board with diverse perspectives, skills, and experiences. Ralph Lauren, the Executive Chairman and Chief Creative Officer, lauded Joly's significant contributions, emphasizing his strategic guidance and embodiment of the brand's core values. Ahrendts's elevation to Lead Independent Director is anticipated to further this strategic direction, leveraging her innovative approach and leadership acumen to steer the company forward.

Patrice Louvet, President & Chief Executive Officer, extended his appreciation for Joly's mentorship and expressed enthusiasm for collaborating with Ahrendts in her enhanced role. Post Joly's exit, the board will maintain 11 directors, with Ahrendts's new position taking effect upon her re-election at the 2025 Annual Meeting of Shareholders. This development is a testament to Ralph Lauren's dynamic approach to governance and leadership, ensuring the brand remains at the forefront of the fashion and retail industry. For further details, visit https://corporate.ralphlauren.com.