Coach Inc. said Wayne Kulkin is stepping down as chief executive officer of its Stuart Weitzman brand, and will become a consultant to the company. The luxury accessories company said Wendy Kahn will become CEO and brand president of Stuart Weitzman, effective Sept. 13. Kahn was previously at Valentino Fashion Group, where she was CEO of Valentino USA. "Wendy's success in developing global luxury brands and extensive general management experience make her the ideal candidate to lead Stuart Weitzman, building on the brand's strong foundation," said Coach Chief Executive Victor Luis. The stock, which was still inactive in premarket trade, has soared 28% year to date while the S&P 500 has gained 5.3%.
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