Coach names Gebhard Rainer president and COO

Handbags and accessories retailer Coach announced today the appointment of Gebhard Rainer as its president

and chief operating officer, effective September 29. The position was vacant since September 2013.

Rainer is set to join Coach from Hyatt Hotels Corp, where he most recently served as executive vice president and chief financial officer.

Prior to that, he was the Managing Director for Hyatt International Europe, Africa and Middle East LLC. He has over 30 years of industrial experience serving in senior operating and finance roles. (DPA)