MICHAEL F. DEVINE, III
EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER
Mike Devine joined Coach as Senior Vice President and Chief Financial Officer in December 2001. During Mr. Devine’s tenure, Coach’s operating results have been remarkably strong, with operating income rising more than 700%, while operating margins have expanded dramatically, from approximately 15% in calendar 2001 to above 30% today.
Prior to joining Coach, Mr. Devine previously served from 2000 to 2001, as Executive Vice President and Chief Financial Officer of Mothers Work, Inc., a $450 million publicly-held company and the world’s largest designer, manufacturer and retailer of maternity apparel. At Mothers Work he was responsible for all financial, human resources, legal, physical distribution and worldwide logistics activities. He is credited with a significant expansion in gross margin. Mr. Devine also successfully orchestrated the acquisition and integration of the number two player in the maternity apparel industry.
Prior to that time, Mr. Devine served as Chief Financial Officer, Treasurer and Secretary of Strategic Distribution, Inc. from 1997 to 2000, after two years as Chief Financial Officer of SDI’s primary subsidiary, Industrial Systems Associates.
Mr. Devine holds a Bachelor of Science degree in Finance & Marketing from Boston College and an MBA from The Wharton School.
