Shares of the company have lost more than half of their value since Luis took over the top job in 2014. They were up nearly 3 per cent in trading before the opening bell.
The company said chairman Jide Zeitlin will take over as Tapestry CEO on an interim basis, adding that it would start looking for a permanent replacement.
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Chinese companies commit to oilsands despite setbacks and poor operating resultsWhile some European and U.S. companies cut their exposure to the Canadian oilsands, China's Big Three oil giants -- CNOOC, PetroChina and Sinopec -- seem content to let their bets ride even if the results haven't been spectacular. Wait a minute. I thought the Alberta oilsands were the most efficient, best run operations ever.
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