GREENSBORO, N.C. - Kontoor Brands , Inc. (NYSE: NYSE:KTB), the parent company of Wrangler and Lee, announced the promotion of Michael Karapetian to Vice President of Corporate Development, Strategy, and Investor Relations. The expanded role comes as a recognition of Karapetian's contributions since he joined the company in 2020.
Karapetian's promotion reflects his significant impact on the company's corporate development. "We are pleased to announce the expansion of Mike’s role at Kontoor," said Joe Alkire, Executive Vice President and Chief Financial Officer. Alkire expressed confidence in Karapetian's continued influence on the company's value creation journey.
With a background in institutional asset management, Karapetian brings extensive experience from his time at Balyasny Asset Management and Citadel, where he covered global apparel, footwear, and retail sectors. His career also includes stints as an equity research analyst at Janney Capital Markets and Merrill Lynch. He holds a B.S. in Chemical Engineering from Bucknell University and will continue to report directly to Alkire.
Kontoor Brands is known for its iconic Wrangler and Lee apparel lines and is committed to delivering high-quality products that empower self-expression. The company focuses on a strategic sourcing model and a robust supply chain to foster brand growth and stakeholder value.
This leadership change is based on a press release statement from Kontoor Brands, Inc.
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