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Tapestry, Inc. Appoints Matt Madrigal to Board of Directors

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Tapestry, Inc. Appoints Matt Madrigal to Board of Directors
News

News

Tapestry, Inc. Appoints Matt Madrigal to Board of Directors

2026-04-07 04:17 Last Updated At:04:31

NEW YORK--(BUSINESS WIRE)--Apr 6, 2026--

Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced that Matt Madrigal, Chief Technology Officer of Pinterest, Inc. (NYSE: PINS), has been appointed to the Company’s Board of Directors effective immediately. The appointment of Mr. Madrigal brings the Board’s membership to eleven, including ten independent directors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260406718798/en/

“We are pleased to welcome Matt to Tapestry’s Board. His expertise across technology and customer experience at scale will be instrumental in driving our Amplify growth agenda,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. “I look forward to partnering with him as we continue to build emotional connections with the next generation of consumers around the world and deliver durable, compounding growth.”

Anne Gates, Chair of the Board of Tapestry, Inc., added, “Matt’s deep technical expertise and proven track record of scaling global consumer platforms will bring valuable perspective to the Board as we advance Tapestry’s growth strategy and drive long-term shareholder value. We are delighted to welcome him to the Board.”

Matt Madrigal is the Chief Technology Officer of Pinterest, Inc., a visual search and discovery platform with more than 600 million monthly active users worldwide. In this role, he oversees engineering, product, design, and platform for the Company. Mr. Madrigal brings deep expertise at the intersection of technology, e-commerce, and consumer behavior, with particular insight into how younger consumers, including Gen Z, discover inspiration, engage with brands, and shop in digital environments.

Upon his appointment, Matt Madrigal said, “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.”

Matt Madrigal Biography

Matt Madrigal is Chief Technology Officer of Pinterest, leading the product and engineering teams that shape user experiences and machine learning systems behind one of the world’s leading visual search and discovery platforms. Prior to Pinterest, Mr. Madrigal was Vice President and General Manager of Merchant Shopping at Google, where he led the product and engineering teams that power Google Shopping. He previously served as Chief Technology and Product Officer at Fanatics. Prior to Fanatics, Mr. Madrigal was the SVP of eCommerce & Marketing for Williams-Sonoma, Inc. He also spent eight years leading product and engineering for eBay’s growth marketing and onsite advertising technology platforms. He holds a B.S. from the University of California, Berkeley and began his career at Accenture and KANA Software.

About Tapestry, Inc.

Our global house of iconic accessories and lifestyle brands unites the magic of Coach and kate spade new york. Together, we stretch what’s possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations. Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.

This information made available in this press release may contain forward-looking statements based on management's current expectations. Forward-looking statements include, but are not limited to, the statements regarding long-term performance and statements that can be identified by the use of forward-looking terminology such as "may," “can,” “if,” "continue," “project,” “assumption,” "should," "expect," “confidence,” “goals,” “trends,” “anticipate,” "intend," "estimate," “on track,” “future,” “well positioned to,” “plan,” “potential,” “vision,” “position,” “deliver,” “believe,” “seek,” “see,” “will,” “would," “uncertain,” “achieve,” “strategic,” “growth,” “target,” "guidance," "forecast," “outlook,” “commit,” “innovation,” “drive,” “leverage,” “generate,” “enhance,” “effort,” “progress,” “confident,” “amplify,” “we can stretch what’s possible,” similar expressions, and variations or negatives of these words. They include, without limitation, statements regarding future anticipated capital expenditures. Future results may differ materially from management's current expectations, based upon a number of important factors, including risks and uncertainties such as the impact of international trade disputes and the risks associated with potential changes to international trade agreements, including the imposition or threat of imposition of new or increased tariffs or retaliatory tariffs implemented by countries where our manufacturers are located as well as the imposition of additional duties on the products we import, economic conditions, recession and inflationary measures, risks associated with operating in international markets, including currency fluctuations and changes in economic or political conditions in the markets where we sell or source our products, the ability to anticipate consumer preferences and retain the value of our brands and respond to changing fashion and retail trends in a timely manner, including our ability to execute on our e-commerce and digital strategies, the impact of tax and other legislation, the ability to successfully implement the initiatives under our 2028 Amplify growth strategy, the effect of existing and new competition in the marketplace, our ability to successfully identify and implement any sales, acquisitions or strategic transactions on attractive terms or at all, our ability to achieve intended benefits, cost savings and synergies from acquisitions, our ability to control costs, the effect of seasonal and quarterly fluctuations on our sales or operating results; the risk of cybersecurity threats and privacy or data security breaches, our ability to satisfy our outstanding debt obligations or incur additional indebtedness, the risks associated with climate change and other corporate responsibility issues, our ability to protect against infringement of our trademarks and other proprietary rights, and the impact of pending and potential future legal proceedings, etc. Please refer to the Company’s latest Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission for a complete list of risks and important factors. The Company assumes no obligation to revise or update any such forward-looking statements for any reason, except as required by law.

Matt Madrigal

Matt Madrigal

CHICAGO (AP) — The Chicago Bulls fired executive vice president of basketball operations Arturas Karnisovas and general manager Marc Eversley on Monday, ending a six-year run that produced just one playoff appearance.

The Bulls gutted their roster before the trade deadline. But Karnisovas and Eversley won't be around for the next phase of a revamp.

Chicago was 224-254 during their tenure. The Bulls entered Monday sitting in 12th place in the Eastern Conference at 29-49 and missing the playoffs for the fourth straight year.

President and CEO Michael Reinsdorf said in a statement that Karnisovas and Eversley “led with a deep commitment to the Chicago Bulls” and that the change is “about positioning our team for sustained success moving ahead.”

“I want our fans to know that I hear you and understand your frustration," Reinsdorf said. "I feel it as well. I know this will take time, and I am fully committed to getting this right. At the Chicago Bulls, our focus remains on building a team that can compete at the highest level and ultimately contend for championships. We are committed to taking the necessary steps to move the Bulls forward in a way that makes our fans proud.”

The Bulls tore up their roster leading up to the trade deadline in February, dealing Nikola Vucevic to Boston, Kevin Huerter to Detroit, Coby White to Charlotte and Chicago product Ayo Dosunmu to Minnesota in an effort to shake up a franchise mired in mediocrity. They hung on to Matas Buzelis and Josh Giddey with the idea of building around those two. The Bulls have the salary-cap room to make some big moves this offseason.

“Being in the middle is what we don’t want to do,” Karnisovas said at the time. “I think we’ve seen that for the past four years and we want to change that.”

That's mostly where the franchise has been since Karnisovas was hired out of Denver's front office in April 2020. The Bulls brought in Eversley from Philadelphia a few weeks later and hired coach Billy Donovan that September. Donovan's future is uncertain.

The Bulls' lone playoff appearance during Karnisovas and Eversley's tenure came during the 2021-22 season, when they finished sixth in the Eastern Conference at 46-36 and got knocked out by Milwaukee in the first round. The Bulls lost point guard Lonzo Ball to a knee injury during that season, and he missed the next two years.

Chicago's most recent All-Star was DeMar DeRozan in 2023. The lack of a franchise cornerstone player was glaring, and Karnisovas' reluctance to launch into a major rebuild was a big source of frustration among Bulls fans. Rather than give the team the best shot at winning the lottery, he stressed patience and not skipping steps.

That changed this year when Karnisovas made seven trades before the deadline. The Bulls mostly loaded up on second-round draft picks and didn't get any first-rounders in return.

Among the players they acquired were Jaden Ivey from Detroit, hoping the No. 5 pick in the 2022 NBA draft could regain the form he showed before knee surgery. But the Bulls waived him last week following anti-LGBTQ+ comments about religion he made in videos posted on his Instagram account.

Ivey had been sidelined since Feb. 11 and appeared in just four games for Chicago. His contract was set to expire at the end of the season.

Donovan, meanwhile, got a contract extension last offseason. But he could seek another NBA coaching job or return to the college game if he doesn’t remain in Chicago.

Donovan has a 467-411 record in 11 seasons as an NBA head coach. He was arguably the top candidate on the market when the Bulls hired him in September 2020 to replace the fired Jim Boylen following a five-year run in Oklahoma City. He led the Thunder to a 243-157 record and playoff appearances each season while working with stars such as Kevin Durant, Russell Westbrook, Paul George and Chris Paul.

Donovan previously coached for 19 seasons at the University of Florida and won back-to-back NCAA titles. He was inducted into the Naismith Basketball Hall of Fame in September.

AP NBA: https://apnews.com/hub/NBA

FILE - Philadelphia 76ers NBA basketball team executive Marc Eversley speaks during a pre-draft workout at the Sixers Training Complex, on June 13, 2019, in Camden, N.J. (Tim Tai/The Philadelphia Inquirer via AP, File)

FILE - Philadelphia 76ers NBA basketball team executive Marc Eversley speaks during a pre-draft workout at the Sixers Training Complex, on June 13, 2019, in Camden, N.J. (Tim Tai/The Philadelphia Inquirer via AP, File)

FILE - Chicago Bulls Executive Vice President, Basketball Operations Arturas Karnisovas speaks during a news conference during the team's NBA basketball media day, in Chicago, Sept. 29, 2025. (AP Photo/Nam Y. Huh, File)

FILE - Chicago Bulls Executive Vice President, Basketball Operations Arturas Karnisovas speaks during a news conference during the team's NBA basketball media day, in Chicago, Sept. 29, 2025. (AP Photo/Nam Y. Huh, File)

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