American retail stalwart PVH Corp. has appointed Michael Calbert, the Dollar General Corporation Chairman, to its board of directors.
This is, reportedly, with effect from 2 May 2022.
The retail bigwig also announced that its non-executive chair Henry Nasella will not stand for re-election at its next stockholders’ annual meeting.
Notably, Michael, in all probability, will succeed Henry if the former gets re-elected at the meeting.
Welcoming Michael on his new role, Stefan Larsson, CEO, PVH, said “His contributions will be invaluable as we, under the board’s guidance, build the next growth chapter for PVH.”
Stefan added that the focus is on positioning PVH to win in the ‘new normal’ powered by two iconic global brands, namely Calvin Klein and Tommy Hilfiger.
Michael comes with rich experience in corporate finance, strategic business planning and accounting, particularly in the retail industry.
PVH, founded in 1881, is one of the world’s largest and most admired fashion companies, connecting with consumers in over 40 countries. Some of its iconic brands include the likes of Calvin Klein and Tommy Hilfiger.
