Clothing and home goods maker Ralph Lauren Corp. on Monday named longtime Procter & Gamble Co. executive Christopher H. Peterson as its chief financial officer.<br /><br />Peterson will also hold the title of senior vice president when the appointment takes effect Sept. 24, with responsibility over Ralph Lauren's global finance and information technology organizations.<br /><br />Peterson replaces Tracey Travis, who in July was named CFO at makeup and skin care company The Estee Lauder Cos., effective Aug. 20.<br /><br />At Ralph Lauren, Peterson, 46, will report to Roger Farah, president and chief operating officer. Over the past 20 years, Peterson has held corporate and operational positions with Procter & Gamble. Most recently, he has served as chief financial officer of P&G's global household care division, where he has been responsible for strategic planning and financial management of businesses with combined annual revenues of about $45 billion.<br /><br />Peterson's appointment was announced after shares of Ralph Lauren fell 98 cents to close at $158.60.