GREENSBORO, NC — VF Corporation has named Frank Terkelsen, 40, as vice president of Mergers & Acquisitions, a new position.
He will report to Bob Shearer, vice president of Finance & Global Processes and chief financial officer.
Terkelsen has also been named a member of VF’s Operating Committee. His responsibilities will include the identification of acquisition opportunities, deal negotiation and new business integration.
Terkelsen brings to VF over a decade of experience in mergers, acquisitions and business development. Most recently he was manager of Business Development — GE Transportation, a unit of General Electric Company, where he spearheaded a variety of growth initiatives, joint ventures and dispositions.
From 1998 to 2003 he held several positions at General Electric related to acquisitions and business planning, including that of staff executive, Corporate Business Development.
From 1995 to 1998 Terkelsen worked at CBC Companies as manager of Business Development, where he was responsible for inorganic growth. Prior to joining CBC Companies, he began his business career in 1986 with Fortune Brands, where he held a variety of positions in treasury and corporate development.
Separately, the company announced several appointments within its rapidly growing Outdoor coalition. VF’s Outdoor coalition includes The North Face, Vans, JanSport, Eastpak, Kipling and Napapijri brands.
Mike Corvino, 44, has been promoted to president of JanSport. Corvino most recently served as vice president, sales and merchandising for VF Imagewear, where he was responsible for sales and merchandising activities for all of Imagewear’s Nashville, Tennessee-based businesses.
Prior to this role, he held the position of vice president/general manager, VF Solutions, also based in Nashville.
Reporting to Mike Egeck, president of VF Outdoor-Americas, Corvino will be based in San Leandro, CA, which will become the new headquarters for the JanSport business in 2005.
Todd Yates, 40, has assumed responsibility of vice president of Research, Design & Development and Marketing for JanSport, reporting to Corvino. Most recently, Yates was vice president, Marketing and Business Development for The North Face.
Paula Kosmatka, 50, has been promoted to design director, JanSport Apparel and Equipment, reporting to Yates. Her most recent role was as merchandising and design directors for The North Face New Business Development.
The company also announced the following new roles in its Vans division:
Bill Bettencourt, 41, has been appointed vice president, Footwear and Equipment. For the past six years he has been the co-owner and president of Arena North America, the exclusive distributor for Arena swimwear in the U.S.
Prior to joining Arena he spent nine years with Reebok International, serving in several executive footwear and marketing positions in Asia and the U.S., most recently as vice president, Global Marketing and including start-ups in both Taiwan and China. He will report to Steve Murray, president of Vans.
Terri Miller, 48, has been promoted to vice president, Apparel. For the past year she has served as senior director of Vans Retail Merchandise and Planning. She will also report to Murray.
Michael Schulam, 38, has been promoted to category director, Snow and Outerwear Apparel, Vans, reporting to Miller. Most recently he served in a transition role as product director for the Napapijri acquisition. Prior to this he was product director for The North Face sportswear division.
Deborah Dyson, 39, joins Vans’ apparel division as director of Development and Quality Assurance after spending more than two years with VF’s Imagewear division.
VF also announced that Mike Boyle, 44, has joined VF Outdoor as vice president/general manager Napapijri Americas. Over the last 20 years Boyle has served in a number of key sales and merchandising roles at Merona Sports, Boston Traders, The Timberland Company and Columbia Sportswear. Most recently he served as vice president of Sales for the U.S. launch of Victorinox/Swiss Army Apparel. He will report to Mike Egeck.
