PVH Corp. Announces Leadership Update
PVH Corp. (NYSE: PVH) announced the departure of Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe. Hagman will remain in an advisory role to ensure a smooth transition. Lea Rytz Goldman, President of Tommy Hilfiger Global, will now lead the brand and report directly to PVH CEO Stefan Larsson. David Savman, Chief Supply Chain Officer, will serve as Interim CEO for PVH Europe. The company has begun the search for a new European leader. Larsson praised Hagman's contributions over 16 years, noting his role in building PVH's profitable European business. Hagman expressed gratitude and optimism for the future growth of Calvin Klein and Tommy Hilfiger.
- Martijn Hagman has made significant contributions to the growth of PVH's European region over 16 years, leading it to become a profitable multi-brand business.
- Lea Rytz Goldman, an experienced leader within the company, will take over as the head of Tommy Hilfiger Global, ensuring continuity.
- David Savman, with his proven track record in executing the PVH+ Plan, will serve as Interim CEO for PVH Europe, indicating strong internal leadership capabilities.
- The departure of Martijn Hagman, a long-standing and key executive, could result in transitional challenges or instability.
- The company is currently without a permanent leader for its European operations, which may affect strategic decision-making and execution.
- The leadership change could lead to short-term uncertainty among investors and stakeholders, potentially impacting PVH's stock performance.
Lea Rytz Goldman, Tommy Hilfiger Global President, leads the global brand, reporting directly to PVH CEO Stefan Larsson. David Savman, PVH’s Chief Supply Chain Officer, will serve as Interim CEO for PVH Europe. The Company has launched a search for a new European leader.
Larsson commented: “I want to thank Martijn for his significant contributions to PVH over the past 16 years, being a key leader in helping to build our European region into the market-leading and highly profitable multi-brand business we have today.” Regarding Savman’s appointment, Larsson continued, “Since David joined us, he has played a unique role in the Company as a key leader driving strong PVH+ Plan performance, all the way from product creation to marketplace execution.”
Hagman commented: “It is an honor to have been part of growing Calvin Klein and TOMMY HILFIGER in the region. There is so much opportunity and potential ahead, and I am excited to see both brands reach new levels of growth through the team’s continued strong execution.”
About PVH Corp.:
PVH is one of the world's largest 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/20240604641950/en/
Investor Contact:
Sheryl Freeman
investorrelations@pvh.com
Media Contact:
communications@pvh.com
Source: PVH Corp.
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