VF Corporation CFO Matt Puckett will step down later this year. CEO Bracken Darrell, who has been with the company for six months, announced the news at the beginning of VF’s fiscal 2024 third-quarter conference call with analysts. Both executives said they agreed it was time to make a change as part of the overall transformation efforts the company is introducing. Puckett will continue as CFO until his replacement is appointed to help ensure a smooth transition.

Puckett’s tenure at VF spans almost 23 years, with roles across the organization and worldwide. “Since my arrival last July, Matt has been a valuable member of the team and an important player in helping to advance our transformation agenda,” said Darrell. “I really appreciate his contributions and his continued service to VF during the transition. He’s also just a great person, and we’ll miss him, but not just yet. He’ll be here for a while.”

“I’ve lived and loved VF for over two decades, and my time with this great company has provided me with many enriching and fulfilling experiences across our business and across the world,” offered Puckett. “I’m thankful for those many opportunities and, more importantly, for the great friendships and relationships that have come from it. However, there always comes a time for change, and Bracken and I are aligned on this being the right time. While I’ll be stepping down in the coming months, in the interim, I remain committed to helping pursue the transformation agenda, leading the finance organization and supporting the transition.”

Darrell said on the call that he will make several other senior executive moves in the coming months as he works to build out his global team, with one additional move on his senior leadership to be announced soon.

Images courtesy VF Corp./The North Face, Nick Kalisz