Global fashion and lifestyle group, PVH Corp. – owner of iconic brands such as Calvin Klein, Tommy Hilfiger, Van Heusen, Speedo and more – appointed Stefan Larsson to the newly created role of president.
Effective June 3, 2019, Larsson will have the responsibility for managing PVH’s branded businesses and regions, with each of the three brand CEOs and the regional presidents reporting to him. He will report to Emanuel Chirico, PVH’s chairman and CEO. In connection with this announcement, Chirico has signed a new five-year employment agreement with the company.
“With the signing of Manny’s new employment agreement and the hiring of Stefan in the newly created role of President, we believe that PVH is extremely well-positioned from a leadership and a management succession perspective to continue to execute our strategic plans well into the future,” said Henry Nasella, PVH presiding director.
Larsson was most recently CEO of Ralph Lauren Corp., where he successfully refocused the company on what made it iconic, improved its performance and set the path for future growth. Prior to that, he served as the global president of Old Navy, a division of Gap Inc., and helped Old Navy deliver 12 consecutive quarters of profitable growth, adding $1 billion in profitable sales. Over nearly 15 years, Larsson was part of the team that grew Swedish retailer H&M’s sales from $3 billion to $17 billion and expanded the company’s operations from 12 to 44 countries.
To read more: https://www.pvh.com/news/19241