Thomas Greco
TAPESTRYAbout Thomas Greco
Thomas Greco (age 67) has served as an independent director of Tapestry since 2020. He is Chair of the Audit Committee and a member of the Governance & Nominations (GN) Committee, and has been designated an Audit Committee financial expert by the Board . Greco is currently Chief Executive Officer of FleetPride (since July 2025) and holds a Bachelor of Commerce from Laurentian University and an MBA from the Ivey Business School .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| FleetPride, Inc. | Chief Executive Officer | Jul 2025 – Present | CEO of private distributor; logistics and supply chain expertise |
| Advance Auto Parts | CEO; Strategic Advisor | 2016–2023 (CEO); 2023–2024 (Advisor) | Led turnaround; retail auto parts operations |
| PepsiCo (Frito-Lay North America) | Chief Executive Officer, Frito-Lay NA | 2011–2016 | Large-scale P&L leadership; supply chain depth |
| Procter & Gamble | Various leadership roles | 1986–2011 | Brand, operations, strategy experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Wingstop, Inc. | Director (current) | N/A | Public company board |
| Centene Corporation | Director (prior 5 years) | N/A | Public company board (prior) |
| Advance Auto Parts | Director (prior) | N/A | Public company board (prior) |
| American Heart Association | Community involvement | N/A | Non-profit engagement |
Board Governance
- Committee assignments: Audit Committee Chair; GN Committee member .
- Independence: Tapestry’s Board determined all nominees other than the CEO are independent; nine of ten director nominees are independent .
- Meetings/attendance: Board held six meetings in FY25; Audit Committee met four times; GN Committee met four times. Each incumbent director attended at least 75% of Board/Committee meetings on which they served; regular executive sessions of independent directors occur quarterly .
- Audit Committee remit: Oversees accounting, internal controls, external audit selection, internal audit, cybersecurity, and meets privately with auditors and management; pre-approves audit/non-audit services .
- Director education and evaluations: Ongoing director education; annual Board/Committee/individual evaluations—FY25 review administered by an independent advisor with one-on-one interviews .
- Refreshment/time commitments: GN Committee manages year-round board refreshment; policy cautions CEOs of public companies against serving on >2 other public boards; other directors not >4 boards .
Fixed Compensation (Independent Director)
| Element | Annual Amount ($) | Notes |
|---|---|---|
| Basic annual retainer | 100,000 | Independent director cash retainer |
| Audit Committee Chair retainer | 35,000 | Committee chair cash retainer |
| Greco – Fees earned in FY25 | 135,000 | Sum of basic + audit chair fees |
Performance Compensation (Independent Director)
| Equity Type | Grant Date | Number/Value | Vesting | FY25 Status |
|---|---|---|---|---|
| Annual RSUs (directors) | Nov 13, 2025 | $200,000 | Vest in full one year from grant | Policy sets $200k target; annual grant on Annual Meeting date |
| Unvested RSUs (as of FY-end 2025) | N/A | 3,509 | N/A | Unvested RSUs held by each independent director (except Ms. Long) |
| Stock options (legacy) | Eliminated effective Nov 2024 | N/A | N/A | Board eliminated option grants; outstanding options remain |
| Greco – Outstanding stock options (FY-end 2025) | N/A | 28,764 | N/A | Options outstanding as of June 28, 2025 |
Other Directorships & Interlocks
- No compensation committee interlocks: None of Tapestry’s executive officers serve on the compensation committee or boards of other companies where any Tapestry HR Committee member or Board member is an executive officer .
- Related-party transactions: The Company did not identify any related-person transactions involving directors or executive officers requiring Item 404(a) disclosure for FY25 .
Expertise & Qualifications
- Audit Committee financial expert designation; financial literacy confirmed; oversight of finance and controls .
- Deep operating, supply chain, and retail experience (PepsiCo, Advance Auto, FleetPride) supporting Tapestry’s consumer and omnichannel strategy .
- Technology/digital exposure through prior roles; the Board maintains structured oversight of cybersecurity and AI initiatives via Audit Committee and Board reporting .
Equity Ownership
| Holder | Beneficial Ownership (shares) | % of Class | Components (Options exercisable ≤60 days) | Unvested RSUs (FY-end 2025) |
|---|---|---|---|---|
| Thomas Greco | 44,553 | 0.021% (44,553 / 209,068,565) | 28,764 | 3,509 |
- Director stock ownership guidelines: 5× basic annual retainer; all independent directors in compliance as of Dec 31, 2024, with Greco among those achieving the required level; 50% net share retention until compliant .
Insider Trades (Form 4 – Awards)
| Metric | 2024-11-14 | 2025-11-13 |
|---|---|---|
| Transaction Type | A (Award) | A (Award) |
| Shares awarded | 3,459 | 1,985 |
| Price (per share, reported) | $57.82 | $100.76 |
| Post-transaction holdings | 19,248 | 21,295 |
| Filing URL | https://www.sec.gov/Archives/edgar/data/1116132/000122520824010003/0001225208-24-010003-index.htm | https://www.sec.gov/Archives/edgar/data/1116132/000122520825009185/0001225208-25-009185-index.htm |
Governance Assessment
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Positive signals:
- Independent director with substantial operating and supply chain expertise; Audit Committee Chair and financial expert status bolster oversight of financial reporting, controls, cybersecurity, and auditor independence .
- Strong alignment: director equity program standardized to RSUs with one-year vest; ownership guidelines enforced and met; anti-hedging policy; elimination of director option grants (reduced risk-taking incentives) .
- Board processes: robust annual evaluations, refreshment, and director education; regular executive sessions of independent directors .
- No related-party transactions; no compensation committee interlocks that could impair independence .
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Watchpoints:
- Multiple external roles require attention to time commitments; however, Board policy constraints target public-company CEOs and Greco’s current CEO role is at a private company (FleetPride), and Tapestry’s GN Committee monitors external commitments through annual questionnaires and evaluations .
- Legacy stock options outstanding remain, but new option grants to directors ceased in Nov 2024; equity awards now fully RSUs, mitigating repricing risk .
Overall, Greco’s governance profile supports investor confidence: independent status, audit leadership, ownership alignment, and absence of conflicts or related-party transactions.