PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, has announced that chief financial officer Zac Coughlin will leave the business at the end of the year to join audio entertainment company Sirius XM. The fashion group has begun a global search for his replacement.
In a statement published on the company’s website, PVH Corp chief executive Stefan Larsson thanked Coughlin for his contribution to the business, noting that he had played a key role in advancing the company’s PVH+ strategic plan and driving significant cost efficiencies. Larsson said the company wished him continued success as PVH works to unlock the full potential of Calvin Klein and Tommy Hilfiger.
Coughlin will remain with the company through the end of the calendar year and will participate in its upcoming third-quarter earnings call. During the transition period, Melissa Stone, PVH Corp’s executive vice-president of global financial planning and analysis, will serve as interim CFO. Stone has been with the business for more than 20 years and has held a series of senior finance positions.
Larsson said Stone brought extensive experience across the company’s financial operations and a deep understanding of PVH’s global business. He expressed appreciation for her stepping into the role while the search for a new CFO takes place.
