Companies

Capri Holdings announces CFO resignation and appoints interim successor

Apr 2, 2025 United States

Thomas J. Edwards, Jr, currently Chief Financial Officer and Chief Operating Officer of Capri Holdings, has resigned. Rajal Mehta, Chief Financial Officer of Michael Kors, will assume the role on an interim basis

Capri Holdings has announced that Thomas J. Edwards, Jr, currently Executive Vice President, Chief Financial Officer and Chief Operating Officer, is leaving the company to pursue another opportunity, remaining in his role until the 20^th of June. During the search process, Rajal Mehta, Chief Financial Officer of Michael Kors, will assume the role of interim Chief Financial Officer of the luxury group.

“I would like to thank Tom for his significant contributions and outstanding leadership over the past 8 years and wish him all the best in his next role. We are pleased to announce that Rajal Mehta will assume the position of Interim CFO. Raj has worked at the company for more than 16 years and has a strong understanding of our financial operations. I have full confidence in his ability to lead our finance team”, said John D. Idol, the company’s Chairman and Chief Executive Officer.

Mehta joined Michael Kors in 2008 and has held roles of increasing responsibility within the corporate, retail and wholesale finance. He has served as Chief Financial Officer of the Michael Kors brand since December 2024 and was previously Divisional Vice President, Corporate Financial Planning and Analysis at Capri. Before that, he held finance positions at Toys"R"Us and Ralph Lauren.

It has also been announced that Patricia Gabriel, Senior Vice President, Chief Supply Chain Officer of Capri Holdings, will continue to lead global supply chain and operations, reporting to John D. Idol.

Image Credits: theimpression.com

United States Capri Companies Luxury Management Michael Kors