Capri Holdings appoints Mahesh Madhavan to board of directors

By

Jennifer Braun

Published
Apr 1, 2023

Capri Holdings, the owner of Michael Kors, Versace and Jimmy Choo, has announced the appointment of Mahesh Madhavan to its board of directors. 

In this role, effective immediately, Madhavan will join the company’s Compensation and Talent Committee as well as the Governance, Nominating and Corporate Social Responsibility Committee. With the appointment, the Capri Holdings board will again be comprised of eight directors.

“Mahesh’s tremendous global experience leading and growing a consumer goods company with an extensive portfolio of brands and labels will bring a fresh perspective to our Board,” said John D. Idol, chairman and chief executive officer. 

“The board and I believe that his operating expertise and deep understanding of international markets will be instrumental as we continue to focus on driving growth and delivering value for our shareholders. We look forward to his contributions and are delighted to have him join our board.”

Madhavan is the chief executive officer of Bacardi Limited, where he has worked for more than 25 years. Prior to becoming chief executive officer of Bacardi in 2017, Madhavan held a number of leadership roles in different geographies.

“It is an incredible privilege to join Capri Holdings board of directors,” said Madhavan. “Capri Holdings is comprised of three iconic brands, and I am proud to be a part of the group’s continued success. I look forward to working with the Board to help Capri continue to execute on their growth strategy globally.”

Most recently, Capri announced plans to increase its strategic investment in China, as the U.S. luxury group aims to reignite sales in the region.