early Tuesday morning that Zeitlin was stepping down from the company and the board, effective immediately, for “personal reasons.”that the company hired a law firm this month to investigate misconduct allegations by a woman who accused Zeitlin of “posing as a photographer under an alias to lure her into a romantic relationship more than a decade ago.
He said that the allegations reached the board of directors after a journalist named William Cohan sent pointed questions about the relationship, which led to a series of events that Zeitlin claimed his advisors called a “highly unusual hit job.” Zeitlin joined Tapestry’s board in 2006, had been chairman since November 2014 and ascended to CEO last September; he previously spent two decades at Goldman Sachs and served in senior management positions.