PVH Corp says Donnelly will remain in an advisory role through 30 November to facilitate the transition, adding it intends to separate her responsibilities into two roles to strengthen the company’s ability to execute its PVH+ Plan: a regional leadership role for PVH Americas and a global brand leadership role for Calvin Klein.
The company has launched a global search for both positions. In the interim, Stefan Larsson, CEO of PVH Corp, will lead PVH Americas and Calvin Klein Global, working closely with the leadership of both organisations and their teams.
“In the current environment, it is critical to redouble our focus on execution to unlock the full potential of the Americas region and also to continue to grow the Calvin Klein brand globally. We will significantly improve our ability to execute the PVH+ Plan by splitting these roles and bringing on leaders with different skill sets who can devote their full attention to these important roles,“ Larsson says.
“On behalf of everyone at PVH, I want to thank Trish for her strong commitment, hard work, and dedication to our people, brands, and businesses. She played a key role in helping navigate a challenging retail environment as we emerged from the height of the pandemic. She also brought together a very capable group of leaders in both organisations who are dedicated to driving the execution of the PVH+ Plan. We wish her the very best in her next chapter.”
Donnelly adds: “I am extremely proud of how the Americas and Calvin Klein teams have come together, and I deeply admire their passion for our brands and commitment to growing our businesses. I am thankful for the opportunity to work with so many fantastic, talented people and wish them every success in the future.”
PVH Corp reported an 8% fall in second-quarter revenue to US$2.13bn for the three months ended 31 July. Net income fell to $115.3m from $181.9m a year earlier, while gross margin was 57.2% as compared to 57.7% in the prior year period.