Tapestry Board Had Opened Probe Into CEO Jide Zeitlin Before He Resigned (Wall Street Journal), Exclusive: Controversial Obama U.N. nominee withdraws for “personal reasons,” official says (Foreign Policy), American Tower sues rival, alleged CEO imposter (Reuters), Jide Zeitlin ’85 Elected Chair of Board of Trustees (Amherst Magazine), I'm a reporter at Forbes and the author of What Next? : Your Five-Year Plan for Life After College published by the Simon & Schuster imprint Adams Media. I have a master’s degree in journalism from Columbia University. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. But, more than a decade after my U.N. nomination process, I cannot allow these allegations to be weaponized against me,” Zeitlin said in his LinkedIn post. New York, NY 10001 Zeitlin joined Tapestry’s board in 2006, had been chairman since November 2014 and ascended to CEO last September; he previously spent two decades at Goldman Sachs and served in senior management positions. Jide Zeitlin resigned as CEO and chairman of the luxury goods company Tapestry on Tuesday after a board investigation into his personal behavior, in an … Our leadership team is committed to the success of Tapestry—driven by our values of optimism, inclusivity, and innovation—and propels our brands and our people forward so … SVP & Chief Information Officer Tapestry. 10 Hudson Yards All Rights Reserved, This is a BETA experience. He later said it was a joke that “clearly fell flat.”. “I am the first person to acknowledge that I am human, for better and worse. © 2020 Forbes Media LLC. Michael Braine is Chief Information Officer at Tapestry Inc. See Michael Braine's compensation, career history, education, & memberships. I have a. I'm a reporter at Forbes and the author of What Next? In 2007, American Tower Corp. filed a lawsuit accusing him of impersonating its CEO in an email when he was running a rival wireless tower operator. Jide Zeitlin resigned as CEO and chairman of the luxury goods company Tapestry on Tuesday after a board investigation into his personal behavior, in an abrupt downfall for one of the few Black chief executives of a major U.S. company. You may opt-out by, Impact 50: Investors Seeking Profit — And Pushing For Change, Tapestry Board Had Opened Probe Into CEO Jide Zeitlin Before He Resigned, Exclusive: Controversial Obama U.N. nominee withdraws for “personal reasons,” official says, American Tower sues rival, alleged CEO imposter, Jide Zeitlin ’85 Elected Chair of Board of Trustees. In 2009, Zeitlin was nominated by President Obama to serve as an envoy to the United Nations for financial overhaul and was approved by the Senate Foreign Relations Committee but withdrew citing “personal reasons” — and according to Foreign Policy reporting at the time, a woman contacted several government offices and multiple news outlets to say that he “used deception to lure her” into a romantic relationship — apparently the same relationship behind his exit from Tapestry. I made a mistake in having a relationship with this woman and I dealt with that in my personal life at the time. : Your Five-Year Plan for Life After College published by the Simon & Schuster imprint Adams Media. Our company’s portfolio includes the Coach, Kate Spade New York, and Stuart Weitzman brands. The parent company of Coach, Kate Spade and Stuart Weitzman announced early Tuesday morning that Zeitlin was stepping down from the company and the board, effective immediately, for “personal reasons.”, By Tuesday afternoon, sources told the Wall Street Journal that the company hired a law firm this month to investigate misconduct allegations by a woman who accused Zeitlin of “posing as a photographer under an alias to lure her into a romantic relationship more than a decade ago.”, Zeitlin said in a LinkedIn post that he “did not use power, wealth, or position to further that relationship,” which he said began and ended 13 years ago, and that he sometimes used the pseudonym James when he photographed strangers “for privacy reasons when I was rising through the ranks as a rare Black banker.”, He said that the allegations reached the board of directors after a journalist named William Cohan sent pointed questions about the relationship, which led to a series of events that Zeitlin claimed his advisors called a “highly unusual hit job.”. New York City Metropolitan Area. He was born in Nigeria to a domestic servant with limited formal education and was adopted by an American family when he was 5. Tapestry serves customers in the United States. United States. Tapestry CEO Resigns Amid Probe of Inappropriate Behavior. Tapestry, Inc. is a New York-based house of modern luxury lifestyle brands. The CIO of the Year ORBIE Awards is the premier technology executive recognition program of its kind. The Company offers handbags, leather goods, footwear, fragrance, jewelry, outer wear, ready-to-wear, scarves, sunwear, travel accessories, and watches. When Zeitlin was elected chair of the board of trustees at his alma mater Amherst College in 2005, he explained the impact education had on his life. Our company and our brands are founded upon a consumer-led view of luxury that stands for inclusivity and approachability. Tapestry, Inc. is a New York-based house of modern luxury lifestyle brands. TOPLINE. May 2020 – Present 4 months. Jide Zeitlin speaking at an event last September. Tapestry, Inc. designs and markets clothes and accessories. “I grew up in a family that had modest financial means,” Zeitlin said, “but that was rich in a tradition of learning and knowledge.” He graduated magna cum laude from Amherst College in 1985 and received his MBA from Harvard Business School in 1987.