High praise for Kontoor’s outgoing CFO

23/08/2023
The CEO of Kontoor brands has praised retiring chief financial officer Rustin Welton, saying his contributions to the group’s success “cannot be overstated”.

Scott Baxter said: “I want express my gratitude for his partnership and expert counsel that have been invaluable since Kontoor's inception and integral to our success 

“The strategic actions taken under his leadership have greatly improved the company's balance sheet and established a solid foundation for future growth.”

Joe Alkire will succeed Mr Welton and will have responsibility for enterprise strategy, corporate development, financial planning and analysis, accounting, investor relations, tax, treasury, internal audit and information technology.

Alkire joins the owner of Wrangler and Lee from BrüMate, a consumer products company, where he served as chief operating officer and chief financial officer. Prior to that, he worked for VF Corporation and as a research analyst for William Blair & Company.

“Joe’s background in our industry and with successful, disruptive brands will help Kontoor continue toward sustained and profitable long-term growth,” added Mr Baxter.