Robert Shearer, SVP and CEO for Greensboro, N.C.-based VF Corp., is set to retire in March, the company announced today. Scott Roe, currently VP, controller and chief accounting officer, will succeed Shearer as CFO.
The company noted in a release that during Shearer’s tenure as CFO, which started in 1986, VF’s revenues have more than doubled to $11.4 billion 2013 and its share price has seen a five-fold increase.
“Bob’s commitment to VF, our people, our shareholders and the consumers of our 30-plus brands is unsurpassed,” Eric Wiseman, VF chairman, president and CEO, said in the statement. “While Bob is one of the most accomplished business leaders I have ever worked with, he is an equally successful leader of people. He has led the development of a global finance team that functions as business partners to brand leaders while instilling a consistently high standard of financial discipline and performance.”
Regarding Shearer’s successor, Wiseman added, “Scott Roe brings strong leadership, insight and a deep understanding of VF’s financial model. He is an active member of our Operating Committee and has helped to drive the financial success we’ve achieved.”
Roe has been at VF since 1996, and has held positions including VP and CFO for VF International. He will report to Wiseman.