VF Corp appoints new executive VP and COO

DENVER – VF Corporation (NYSE:VFC), a leader in branded lifestyle apparel, footwear, and accessories with annual revenue of $10.1 billion and market capitalization of $6.4 billion, announced today the appointment of Abhishek Dalmia as Executive Vice President and Chief Operating Officer, effective immediately. According to InvestingPro analysis, the company’s stock is currently trading below its Fair Value, presenting a potential opportunity for investors. Dalmia, 47, will be responsible for overseeing the company’s corporate strategy, transformation, digital technology, and supply chain operations.

Dalmia joined VF Corporation in March 2024 as Executive Vice President and Chief Strategy, Transformation and Digital Officer. His prior experience includes a role as Managing Director and Partner at Boston Consulting Group, where he advised apparel and footwear companies. He also held significant positions at lululemon athletica (NASDAQ:LULU) inc. and Dell Technologies Inc. (NYSE:DELL), bringing extensive expertise in e-commerce, digital marketing, and analytics to his new role at VF Corp. The appointment comes as the company faces challenges, with InvestingPro data showing a 23.26% year-to-date stock decline, though analysts expect net income growth in the coming year.

VF Corp detailed the compensation package for Dalmia, which includes an annual base salary of $800,000, a target annual bonus of 110% of his base salary for fiscal 2026, and a target annual long-term incentive opportunity of $3,000,000 for fiscal 2026, set to be awarded in May 2025. Additionally, Dalmia will be eligible to participate in the company’s Severance Plan for Section 16 Officers and other executive programs.

The company confirmed that there are no familial relationships between Dalmia and any directors or executive officers at VF Corp, nor are there any relevant transactions requiring disclosure under SEC regulations.

This corporate update is based on a press release statement and reflects VF Corporation’s ongoing strategy to enhance its leadership team and bolster its operations as the company continues to navigate the dynamic apparel and footwear industry. Despite current challenges, VF Corporation maintains a strong dividend track record, having paid dividends for 55 consecutive years. For deeper insights into VF Corporation’s financial health and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, VF Corporation has announced the redemption of its 2.400% Senior Notes due in 2025, scheduled for March 27, 2025. This move is part of the company’s financial strategy to manage its debt obligations and optimize its balance sheet, potentially reducing future interest expenses. Meanwhile, Stifel analysts have maintained a Buy rating on VF Corp shares with a $35 price target, citing strong performance trends in The North Face and Timberland brands. They emphasize the company’s strategic execution in the outdoor market and anticipate a revenue upswing in fiscal year 2026. In contrast, Jefferies analyst Ashley Helgans has adjusted the price target for VF Corp shares to $23.00 from $24.00, maintaining a Hold rating. The analyst noted limited details on sales growth timing for The North Face and Vans, impacting investor sentiment. Additionally, VF Corp’s board has undergone a reshuffle following the resignation of director W. Rodney McMullen due to a significant change in his principal occupation. These developments reflect VF Corporation’s ongoing efforts to navigate its strategic and financial landscape.

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