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Ralph Lauren Announces Election of Wei Zhang to Board of Directors
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Former President, Alibaba Pictures Group to Bring International Business Operations and Media Experience to Board
NEW YORK--(BUSINESS WIRE)--
Ralph Lauren Corporation (NYSE: RL) today announced the election of Wei Zhang, most recently Senior Advisor and prior President of Alibaba Pictures Group, to the Company’s Board of Directors, effective November 9, 2022. With the election of Ms. Zhang, the Ralph Lauren Board is now comprised of 13 directors.
“One of the many strengths of our Company is the people who make up our teams, including the members of our Board,” said Ralph Lauren, Executive Chairman and Chief Creative Officer. “I look forward to learning from Wei, who shares a passion for storytelling, innovation and entrepreneurialism – each representing core values for our brand.”
Patrice Louvet, President and Chief Executive Officer, said, “Wei’s blend of experience and knowledge in international operations – in particular Asia, business development, media and digital transformation, make her a timely and relevant addition to the Ralph Lauren Board of Directors. We look forward to benefiting from her perspective as we continue on our journey to become the Leading Luxury Lifestyle Company and execute on our Next Great Chapter: Accelerate strategy.”
Ms. Zhang was with Alibaba Group from 2008 until 2022, most recently as Senior Advisor and President of Alibaba Pictures Group. She has held positions within Alibaba Group as Senior Vice President across investment and acquisition, corporate strategy and also led Alibaba’s corporate social responsibility initiatives.
Ms. Zhang said, “I’ve always admired Ralph Lauren’s Purpose that inspires people to dream and live the life they want to live. I look forward to joining their esteemed Board of Directors, supporting the iconic brand to deliver on their Next Great Chapter: Accelerate strategy.”
Before joining Alibaba Group, Ms. Zhang held positions at corporations including News Corp China, CNBC China, consulting firm Bain & Company and at global conglomerate General Electric.
ABOUT RALPH LAUREN CORPORATION
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing, and distribution of luxury lifestyle products in five categories: apparel, footwear & accessories, home, fragrances and hospitality. For more than 50 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. Its reputation and distinctive image have been developed across a wide range of products, brands, distribution channels, and international markets. The Company’s brand names – which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps, among others – constitute one of the world’s most widely recognized families of consumer brands. For more information, go to corporate.ralphlauren.com.
ralph lauren, whose name is synonymous with american lifestyle, timeless design and impeccable quality, is a cultural icon who has built the ralph lauren corporation into one of the most successful companies in the world. as the first designer to produce a complete lifestyle vision, mr. lauren created a global brand exemplified by style, sophistication and the utmost attention to detail. today, the company is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. since 1967, ralph lauren has cultivated the iconography of america, as well as that of europe and the exotic themes of other cultures, redefining a style of luxury that is recognized and coveted around the world. “i have always had a clear vision,” he said. “i wanted to develop quality products and create a whole world around that. it means taking risks, going with what you feel, but never losing sight of your vision and conviction.” at ra
