Home » Lifestyle » Ralph Lauren chief commercial officer resigns after investigation into personal conduct
Ralph Lauren chief commercial officer resigns after investigation into personal conduct
FOX Business Flash top headlines for March 2
Here are your FOX Business Flash top headlines for March 2.
Ralph Lauren's executive vice president and chief commercial officer Howard Smith will step down immediately following an investigation into allegations regarding his personal conduct.
"Upon recently learning of allegations regarding Mr. Smith’s personal conduct, the Audit Committee of the Board of Directors promptly launched an independent investigation with the assistance of outside counsel," the company wrote in a Securities and Exchange Commission filing Wednesday. "Because the investigation revealed conduct that violated the Company’s Code of Business Conduct and Ethics and other policies, the Board concluded that Mr. Smith’s resignation was necessary."