Ralph Lauren Makes Executive Leadership Changes

Ralph Lauren Corporation announced changes to its Executive Management Team to more effectively align senior leadership roles with its previously announced organization shift to a global brand management business model. These changes will elevate and broaden the responsibilities of certain key executives.

"I have tremendous confidence about the future of this Company and the opportunities for our brands around the world." said Ralph Lauren, Chairman and Chief Executive Officer of Ralph Lauren Corporation. "We have an experienced and proven management team in place. As we move to a new global organizational structure, these executive leadership changes will allow us to maximize the potential of our brands and drive global growth."

Jackwyn Nemerov will continue in her role as President & Chief Operating Officer and a member of the Company's Board of Directors. During her tenure, Ms. Nemerov's leadership has been central to the Company's long and highly successful period of profitable global expansion. Reporting to Ms. Nemerov will be the Group Presidents for Europe, Asia-Pacific and the Americas in addition to Wholesale, Retail, e-commerce and Licensing. Ms. Nemerov joined the Company in 2004, was named to the Board of Directors in 2007 and will continue to report directly to Mr. Lauren.

Christopher H. Peterson, previously Executive Vice President, Chief Administrative Officer and Chief Financial Officer, has been promoted to the newly created position of President, Global Brands. Mr. Peterson's broad and in-depth experience in strategically transforming business and operating models from regional and market driven organizations to global brands during his tenure with the Procter & Gamble Company uniquely positions him to play a central leadership role in directing the Corporation's organizational transformation. Reporting to Mr. Peterson will be the Global Brand Presidents, the Chief Financial Officer, Global Real Estate, and Investor Relations. Mr. Peterson joined the Company in 2012, and will continue to report directly to Mr. Lauren.

Mitchell A. Kosh, previously Executive Vice President of Human Resources, has been promoted to Executive Vice President and Chief Administrative Officer. During his tenure with the Company, Mr. Kosh has played a key role in the development of a high performing and effective global organization. In this new role, Mr. Kosh will lead the integration of key functional areas to align with the new organizational architecture. Reporting to Mr. Kosh will be the Global heads of Human Resources, Information Technology, Legal, Corporate Services and Facilities, Internal Branding and Communications, and Corporate Social Responsibility. Mr. Kosh, who joined the Company in 2000, will continue to report directly to Mr. Lauren.

Robert L. Madore, previously Senior Vice President of Finance, has been promoted to Senior Vice President and Chief Financial Officer. During his tenure with the Company, Mr. Madore has held a number of key financial and operational roles. His deep understanding of both the financial and operational aspects of the Company make him ideally suited to assume the role of Chief Financial Officer. Reporting to Mr. Madore will be the Accounting, Finance, Treasury, Tax and Internal Audit functions. In addition, Mr. Madore will share oversight and management of divisional financial operations. Mr. Madore joined the Company in 2004 and will continue to report to Mr. Peterson.

Valerie Hermann will continue in her role as President of Ralph Lauren Luxury Brands. Ms. Hermann joined the Company in April of 2014. Her formidable experience honed over many years within the luxury sector at companies including Christian Dior, and as President of Yves Saint Laurent, has enabled her to build a strategic framework for our luxury collections. Reporting to Ms. Hermann are the Ralph Lauren Luxury and RRL Global Brand teams and US Luxury and RRL Retail formats. Ms. Hermann will continue to report directly to Mr. Lauren.

ABOUT RALPH LAUREN

Ralph Lauren Corporation (NYSE:RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 47 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren Purple Label, Ralph Lauren Collection, Ralph Lauren Black Label, Polo Ralph Lauren, Lauren Ralph Lauren, RRL, RLX, Denim & Supply Ralph Lauren, Chaps, American Living, and Club Monaco, constitute one of the world's most widely recognized families of consumer brands. For more information, go to http://investor.ralphlauren.com.