Robert K. Shearer, senior vice president and CFO at VF Corp to retire

Senior Vice President and Chief Financial Officer at VF Corporation, Robert K. Shearer has announced

his impending retirement, after a 28 year tenure at the company.

He first joined the company in 1986 as assistant controller and was later promoted to Vice President, controller in 1994 and became CFO in 1998. The industry veteran has overseen VF's revenues more than double to 11.4 billion dollars in 2013 and the company share price increase five-fold during his time as CFO.

Shearer is set to officially retire March, 2015 and Scott A. Roe, who is currently the company's Vice President, controller and chief accounting officer will succeed Shearer as CFO. “Bob’s commitment to VF, our people, our shareholders and the consumers of our 30-plus brands is unsurpassed,” commented Eric C. Wiseman, Chairman, President and Chief Executive Officer of VF.

“His focus is always on creating shareholder value through growth and an effective business model...Over the years he has been an outstanding partner to me and the rest of the VF management team around the world.”

“Scott Roe brings strong leadership, insight and a deep understanding of VF’s financial model,” added Wiseman. “He has worked closely with Bob and the VF leadership team for many years. He is an active member of our Operating Committee and has helped to drive the financial success we've achieved. Scott is completely and uniquely qualified to succeed Bob.”

Roe will report directly to Wiseman in his new role and he first joined VF in 1996 as an Audit Manager.