Tapestry, Inc. Appoints Pinterest CTO Matt Madrigal to Board of Directors

Key Highlights

• Appointment of Matt Madrigal: Tapestry, Inc. (NYSE: TPR) has announced the appointment of Matt Madrigal, the current Chief Technology Officer (CTO) of Pinterest, Inc. (NYSE: PINS), to its Board of Directors, effective immediately. This brings Tapestry’s board membership to eleven, with ten independent directors.
• Strategic Rationale and Expertise: Madrigal is recognized for his deep technology expertise, especially across consumer technology, e-commerce, and digital consumer engagement. His experience is expected to be pivotal as Tapestry pursues its “Amplify” growth agenda, targeting next-generation consumer engagement and durable, compounding growth.
• Board Endorsement: Both CEO Joanne Crevoiserat and Board Chair Anne Gates highlighted Madrigal’s proven track record in scaling global consumer platforms and his insights into technology, AI, and Gen Z consumer behavior.
• Potential Price-Sensitive Information: This board appointment aligns with Tapestry’s ongoing digital transformation and growth strategies. The addition of a prominent technology leader signals a potential acceleration of digital initiatives and innovation, which could be positively viewed by the market.

Detailed Analysis for Investors

Tapestry, Inc., the global house of iconic accessories and lifestyle brands behind Coach and Kate Spade New York, today announced a significant board addition. Matt Madrigal, CTO of Pinterest, joins the Tapestry board at a time when the company is doubling down on digital innovation and consumer engagement.

Madrigal’s background is highly relevant to Tapestry’s strategic direction. At Pinterest, he leads engineering, product, design, and platform teams for a platform with over 600 million monthly active users. His expertise lies at the intersection of technology, e-commerce, and consumer behavior, with a particular focus on reaching younger demographics (including Gen Z) and understanding how they interact with brands in digital environments.

Prior to Pinterest, Madrigal has held senior technology and product leadership roles at Google (VP & GM of Merchant Shopping), Fanatics (Chief Technology and Product Officer), Williams-Sonoma, and eBay. He brings a strong track record of building and scaling consumer-focused technology platforms, which is a valuable asset for Tapestry as it continues its digital and AI transformation.

Madrigal commented on his appointment, stating: “I’m honored to join Tapestry’s Board at a time when AI is transforming how brands connect with consumers. Tapestry’s ability to build brands, inspire creativity and self-expression, and operate with discipline at scale sets it apart. I look forward to contributing my experience as the company continues to drive innovation to deepen consumer engagement and deliver sustainable growth and long-term shareholder returns.”

Both Joanne Crevoiserat, CEO, and Anne Gates, Chair of the Board, emphasized how Madrigal’s appointment will help accelerate Tapestry’s Amplify growth strategy and drive shareholder value by leveraging deep technical knowledge and experience in scaling global consumer platforms.

Important Information for Shareholders

• Digital Transformation: This appointment signals Tapestry’s commitment to its digital strategy, which may include new investments or initiatives in AI, e-commerce, and consumer analytics.
• Next-Gen Consumer Focus: With Madrigal’s insights into Gen Z and digital shopping trends, investors should expect Tapestry to intensify efforts to capture younger consumers and expand its global digital footprint.
• Potential Share Price Impact: The appointment of a high-profile technology executive with a strong track record could be interpreted as a positive catalyst for Tapestry shares, particularly among investors seeking evidence of innovation and forward-thinking leadership.
• Risks and Forward-Looking Statements: The company reiterates in its release that, as with any strategic initiative, risks remain—including macroeconomic volatility, competition, changes in international trade policy, and the challenge of anticipating consumer trends. Tapestry notes that forward-looking statements are subject to risks and uncertainties, and actual results may differ from current expectations.

About Tapestry, Inc.

Tapestry is a leading house of brands known for Coach and Kate Spade New York, focusing on building emotional connections with consumers through innovative products and experiences. The company is listed on the New York Stock Exchange under the ticker symbol TPR.

For more information, visit Tapestry Investor Relations.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. Investors should review Tapestry, Inc.’s official filings and consult their own advisors before making investment decisions.

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