Ralph Lauren taps company veteran as CFO
Ralph Lauren Corp. has made some changes in its C-suite.
Justin Picicci has been named chief financial officer of the luxury brand, and will oversee Ralph Lauren’s global finance organization and investor relations. He joined Ralph Lauren in 2006 and has held a range of senior finance leadership roles at the company spanning corporate and commercial functions
Most recently he served as enterprise CFO, a role that was a part of the company’s multi-year succession process. In this role, he was responsible for Ralph Lauren’s financial planning, accounting, tax, treasury, controllership, and global procurement. Picicci has also served as the Asia Pacific CFO, global company controller and head of procurement, and North America CFO.
“More than 18 years ago, I came to Ralph Lauren to work for a brand that I grew up with and admired, and to this day, I continue to be inspired by our purpose and Ralph’s timeless vision that guides us and inspires consumers around the world,” said Picicci.
The company also announced that Jane Nielsen, who joined the company as CFO in 2016 and has served as CFO and chief operating officer since 2019, will remain the company’s COO and continue to lead key operational and strategy functions through the end of Fiscal 2025.
“I am immensely proud of Ralph Lauren’s accomplishments in the last seven years, and looking ahead, I am thrilled to have Justin step into the CFO role, Nielsen said. I look forward to a seamless transition and focusing on my operational responsibilities. Justin’s deep and diverse experience at Ralph Lauren, combined with his passion for our brand, make him a natural CFO successor. I have no doubt that he will build on the strong foundation and successful financial strategy we’ve put in place over the last several years to deliver on our Next Great Chapter: Accelerate plan.”
The news were announced the same day that Ralph Lauren announced its latest fiscal quarter results, in which net income tripled and revenue increased 2%.
“As CFO, Jane has had a tremendous impact on Ralph Lauren, helping to guide our company through a period of significant brand elevation and transformation. I am grateful for her leadership, and I look forward to continuing to partner with Jane in her role as COO,” said Patrice Louvet, president and CEO of Ralph Lauren Corp. “Jane and I have been working closely with Justin for years on our ongoing financial strategy. Ralph, the Board, and I have the utmost confidence in our ability to, together, deliver strong growth and value creation."