The company remains committed to Dickies and Timberland PRO brands.
New goals are part of the latest Made for Change Sustainability & Responsibility report.
Bailey will report to VF’s CEO, Steve Rendle and serve on the company’s senior leadership team.
Kontoor Brands, Inc., will include the Wrangler, Lee and Rock & Republic brands, and the VF Outlet business.
VF joins more than 40 fashion and apparel industry companies in the shared pursuit of net-zero emissions by 2050.
All shares of Kontoor Brands will be distributed to holders of VF common stock.
Wu will serve on the Finance and Nominating and Governance Committees of VF’s Board of Directors.
The Ethisphere Institute recognized VF Corporation for the third consecutive year.
Laurel Krueger will report directly to CEO Scott Baxter, effective immediately.
The business will be known as Kontoor Brands, Inc.