VF Corporation chairman Eric Wiseman to retire

The firm’s board of directors has elected president, chief executive and director Steven Rendle as his successor.

In a statement, VF said Wiseman’s retirement will complete its planned leadership succession process which began with the promotion of Rendle to president and chief operating officer in June 2015, and to chief executive in January of this year.

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Alan McCollough, lead independent director of VF’s board of directors, said: “Succession planning at the highest levels of VF’s senior leadership team is a key component of the company’s long-term success, a responsibility the board takes very seriously.