VF Corporation announced changes in leadership designed to support the continued growth and expansion in its Outdoor Coalition. VF's Outdoor Coalition currently includes The North Face, JanSport and Eastpak brands; the Coalition will also include the Vans and Napapijri brands, once these acquisitions are completed.
Mike Egeck, currently President of The North Face, has been named President of Outdoor – North America. In his new role, Egeck will continue to have responsibility for The North Face brand and will add responsibility for the JanSport and Eastpak brands in North America. He will also assume responsibility for the planned acquisition of Vans, Inc., and for the U.S. expansion of the Napapijri brand.
He will continue to be based out of The North Face headquarters in San Leandro, California. Karl Heinz Salzburger, 47, will remain President of Outdoor – International, with responsibility for The North Face, JanSport and Eastpak brands in Europe and Asia. He also is responsible for expanding the Nautica brand into new European markets and for the planned Napapijri brand acquisition. Salzburger is based in Volpago, Italy.
In 2003, VF's Outdoor businesses generated sales of $580.7 million, up 14% from 2002 levels. The Company continues to anticipate double-digit sales growth in its Outdoor Coalition in 2004, excluding the Vans and Napapijri acquisitions.
“Congratulations to Mike on his expanded role with our Outdoor Coalition and VF,” said Eric Wiseman, Vice President and Chairman – Outdoor and Sportswear Coalitions. “This is an extraordinarily exciting time for our Outdoor Coalition. In addition to solid performance with our existing brands, we're also looking forward to adding two terrific new, growing lifestyle brands to our portfolio. Both Mike and Karl Heinz have demonstrated the vision and leadership necessary to take our Coalition to the next level.”