Samsonite North American President Tom Korbas Retire From Lynne Berard Relay

Tom Korbas, which has led Samsonite's North American business to grow for many years, is about to retire.

Samsonite International Limited, a well-known bag brand, has issued a notice. Since April 1, 2016, Tom Korbas, executive director of the company and President of North America, will retire as president of North America.

He is now vice president and general manager of the wholesale, retail and marketing department of the US.

It will be succeeded after retiring from Korbas.

During the term of Tom Korbas,

North America's performance has been showing substantial growth, which has also raised questions about whether Tom Korbas's retirement will bring variables to the company's performance.

Public information shows that in 2014, 2013 and 2012 years, the net sales of Samsonite in North America increased by 22.9%, 24.4% and 28.8% respectively over the same period last year.

The pfer announcement shows that Tom Korbas will retire as president of the North American region and will

For non-executive directors.

After retiring, Tom Korbas will continue to serve as a consultant for Samsonite Corp's North American business.

The reason for Tom Korbas retire is to devote more time to family life and pursue other interest goals.

It is understood that Tom Korbas is 64 years old and joined Samsonite Corp in 1997. As of the time of retiring, it has been in the company for nearly 20 years.

He was elected executive director of the company at the annual general meeting held in June 5, 2014. He served as president of the Americas in 2004 and is responsible for the overall business management and development of the company in the United States and Canada.

In March 2014, Tom Korbas was nominated as the executive director of the company. It should have been a three year executive director. Tom Korbas has only been pferred for less than two years.