V.F. Corporation announced that effective July 17, 2023 (the Effective Date), the Board, upon the recommendation of the Governance and Corporate Responsibility Committee of the Board (the Governance Committee), determined that Benno Dorer, who had served as VF?s Interim President and CEO from December 5, 2022 to the Effective Date, is independent in accordance with the listing standards of the New York Stock Exchange and the independence standards in VF?s Corporate Governance Principles. As of the Effective Date, Mr. Dorer was appointed as Chair of the Governance Committee and a member of the Talent and Compensation Committee of the Board and the Executive Committee of the Board, respectively, and ceased to serve as an ex officio member of the Finance Committee of the Board.