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This photo provided by Ralph Lauren shows new company CEO Patrice Louvet. Ralph Lauren Corp. is tapping Procter & Gamble executive Patrice Louvet as its next CEO as the fashion brand seeks to turn its business around. Louvet was president of Procter & Gamble's beauty brands, which includes Pantene shampoo and Olay anti-wrinkle cream. He is replacing Stefan Larsson, who announced in February 2017 that he would leave the New York-based company after less than two years in the job. (Courtesy of Richard Phibbs/Ralph Lauren via AP)

This photo provided by Ralph Lauren shows new company CEO Patrice Louvet. Ralph Lauren Corp. is tapping Procter & Gamble executive Patrice Louvet as its next CEO as the fashion brand seeks to turn its business around. Louvet was president of Procter & Gamble's beauty brands, which includes Pantene shampoo and Olay anti-wrinkle cream. He is replacing Stefan Larsson, who announced in February 2017 that he would leave the New York-based company after less than two years in the job. (Courtesy of Richard Phibbs/Ralph Lauren via AP)

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