Notes |
One of the world's biggest apparel companies said a board member, Veronica Wu, stepped down on Tuesday, days after emails obtained by Axios showed Wu dismissed racism in America and said Black Lives Matter activists were the "true racists."
What they're saying: VF Corp. — which owns iconic brands like The North Face, Timberland and Supreme — said Wu's decision to resign "was not the result of any disagreement with VF on any matter relating to VF’s operations, policies or practices."
A spokesperson said VF Corp. had no comment beyond the press release and did not respond to a question about why Wu stepped down from the board. Wu did not immediately respond to an email.
The company said its board would be reduced to 11 members from 12 "until a new director is identified."
Wu initially joined the board in 2019. |