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Correction: Coach Appoints New COO

New York City A story posted Monday on www.chainstoreage.com and carried electronically in the CSA Weekly Newsletter incorrectly identified Jerry Stritzke as the new CEO of Coach. In fact, he will succeed Keith Monda, Coach’s current president and COO, upon his retirement at the end of this fiscal year—June 28. Monda will remain a member of the company’s board of directors.

Stritzke, whom Coach also appointed as an executive officer, effective March 17, joins the company from Limited Brands, where he most recently held the position of COO and co-leader of Victoria's Secret, which included oversight for Victoria's Secret Stores, Victoria's Secret Direct, Victoria's Secret Beauty and Pink. Prior roles at Limited Brands included CEO of Mast Industries, a wholly owned subsidiary of the Limited and a sourcing organization and supplier of merchandise for Victoria's Secret, Express, Abercrombie & Fitch and Limited Stores.

"Jerry’s talent and outstanding operational track record make him a strong addition to the Coach management team," said Lew Frankfort, chairman and CEO of Coach. "He is highly regarded for his strategic focus, team leadership, strong analytical and technical skills and exceptional business acumen. His experience in transformational change and global markets make him uniquely qualified to build upon the foundation Keith Monda created at Coach."

Coach also announced that Reed Krakoff, president and executive creative director, has entered into a further three-year extension to his original employment agreement, which will now be in effect through June 2014.