Leadership & Pay ·
Kontoor Brands announced a leadership transition effective August 12, 2026
KTBKontoor Brands, Inc.
Kontoor Brands announced a leadership transition effective August 12, 2026. Joseph A. Alkire was appointed President and Chief Financial Officer, succeeding Scott H. Baxter in the presidency while Baxter remains CEO and Chairman. The board approved Alkire's compensation package, including a $900,000 annual base salary, a bonus target of 120% of base salary, and a long-term incentive award opportunity of $2,600,000. This executive change is material as it alters the company's top management structure. Kontoor Brands operates in the apparel industry, designing, sourcing, and marketing casual wear brands including Lee and Wrangler.