Fred Gehring (60), Executive Chairman of Tommy Hilfiger, leaves after only about a year on the job. Whereas reason is concern it is being said that the new arrangement reflects the continued strong performance of the Tommy Hilfiger business under Daniel Grieder, CEO, Tommy Hilfiger ( Gehring’s former role), and the absence of any need for Gehring to provide support to that business on a regular basis. The company did not name a replacement. Gehring will continue to hold the title of Vice Chairman, PVH Corp. According to the company, PVH and Gehring, Executive Chairman, Tommy Hilfiger, and Vice Chairman, PVH Corp., had entered into a new employment agreement pursuant to which Gehring would relinquish his role as Executive Chairman, Tommy Hilfiger, and resign as a director of the Company and any of its subsidiaries.
