PVH Corp. Announces Leadership Update

Rhea-AI Summary

PVH Corp. (NYSE: PVH) announced the departure of Trish Donnelly, CEO of PVH Americas and Calvin Klein Global, to pursue other opportunities, effective November 30, 2022. To enhance its strategy, PVH will split her responsibilities into two distinct roles and has initiated a global search for replacements. In the interim, Stefan Larsson, current CEO of PVH Corp., will oversee both regions. Larsson emphasized the need for focused leadership to fully realize the potential of the Americas and Calvin Klein brands as part of the company's PVH+ Plan.

Positive

• Transitioning leadership roles could enhance execution of the PVH+ Plan.
• Stefan Larsson's interim leadership ensures continuity during the transition.

Negative

• Leadership change may create uncertainty in the company's strategic direction.
• Potential disruption in operations during the transition period.

NEW YORK--(BUSINESS WIRE)-- PVH Corp. (NYSE: PVH) today announced that Trish Donnelly, Chief Executive Officer, PVH Americas & Calvin Klein Global, will be leaving PVH to pursue other opportunities. She will remain in an advisory role through November 30, 2022 to facilitate the transition.

PVH intends to separate her responsibilities into two roles to strengthen the Company’s ability to execute its PVH+ Plan: a regional leadership role for PVH Americas and a global brand leadership role for Calvin Klein. The Company has launched a global search for both positions. In the interim, Stefan Larsson, Chief Executive Officer of PVH Corp., will lead PVH Americas and Calvin Klein Global, working closely with the leadership of both organizations and their teams.

Larsson commented: “In the current environment, it is critical to redouble our focus on execution to unlock the full potential of the Americas region and also to continue to grow the Calvin Klein brand globally. We will significantly improve our ability to execute the PVH+ Plan by splitting these roles and bringing on leaders with different skill sets who can devote their full attention to these important roles.“

“On behalf of everyone at PVH, I want to thank Trish for her strong commitment, hard work, and dedication to our people, brands, and businesses. She played a key role in helping navigate a challenging retail environment as we emerged from the height of the pandemic. She also brought together a very capable group of leaders in both organizations who are dedicated to driving the execution of the PVH+ Plan. We wish her the very best in her next chapter.”

Donnelly commented: “I am extremely proud of how the Americas and Calvin Klein teams have come together, and I deeply admire their passion for our brands and commitment to growing our businesses. I am thankful for the opportunity to work with so many fantastic, talented people and wish them every success in the future.”

About PVH Corp.

PVH is one of the world’s largest and most admired fashion companies, connecting with consumers in over 40 countries. Our global iconic brands include Calvin Klein and TOMMY HILFIGER. Our 140-year history is built on the strength of our brands, our team and our commitment to drive fashion forward for good. That’s the Power of Us. That’s the Power of PVH.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005952/en/

Cindy Leggett-Flynn

communications@pvh.com

Source: PVH Corp.

FAQ

Why did Trish Donnelly leave PVH Corp?

Trish Donnelly is leaving PVH Corp. to pursue other opportunities.

Who will lead PVH Americas and Calvin Klein Global after Trish Donnelly's departure?

Stefan Larsson will interim lead PVH Americas and Calvin Klein Global.

What will happen to Trish Donnelly's responsibilities at PVH?

PVH will split her responsibilities into two roles and initiate a global search for replacements.

When is Trish Donnelly's last day at PVH?

Trish Donnelly's last day at PVH is November 30, 2022.

What is the PVH+ Plan?

The PVH+ Plan is a strategic initiative aimed at enhancing the company's execution and brand growth.