Kontoor Brands Board of Directors Elects Jamie Caulfield, Former PepsiCo, Inc. Chief Financial Officer and Michael Skipworth, President and Chief Executive Officer of Wingstop Inc. as New Directors
Kontoor Brands elected Jamie Caulfield, former CFO of PepsiCo, and Michael Skipworth, CEO of Wingstop, to its board of directors, effective immediately. The board's size was also increased from seven to nine directors.
Why it matters — Adding two experienced executives with board and leadership backgrounds strengthens the company's board oversight and governance, which KTB watchers would view as a constructive development.