Trish Donnelly, the CEO of PVH Americas and Calvin Klein Global, will be leaving the company to pursue other opportunities.
While confirming the same, PVH Corp. said that Trish will remain in advisory role till 30 November 2022 to help facilitate the transition.
Stefan Larsson, CEO of PVH Corp., will lead both the divisions in the interim.
Once Trish exits, PVH, reportedly, has plans to split her responsibilities into two roles to strengthen its ability to execute its PVH+ Plan – a regional leadership role for PVH Americas and a global brand leadership role for Calvin Klein.
Stefan said that the focus now will be on bringing leaders with different skill sets who can devote their full attention to these important roles.
Notably, the announcement came on the same day when PVH reported its Q2 results and announced plans to ‘reduce people costs’ in its global offices by around 10 per cent by the end of 2023.
PVH expects these reductions to save more than US $ 100 million every year.
Founded in 1881, PVH is one of the world’s largest and most admired fashion companies, connecting with consumers in over 40 countries.
