USA: Tommy Hilfiger Corp Names New Chief Financial And Administrative Officer

Tommy Hilfiger Corporation announced today that Joel H. Newman has been named Chief Financial and Administrative Officer. Mr. Newman, 59, is currently the company's executive vice president - finance and chief administrative officer. Mr Newman has been with Tommy Hilfiger Corporation since 1993, in various senior operating and financial positions. He succeeds Benjamin Ng, 37, who decided to resign as an officer and director of the company to pursue business interests in the broadband and new media space. "We are fortunate to have a seasoned executive such as Joel leading our financial and administrative activities," said Silas Chou, co-chairman of Tommy Hilfiger Corporation. "At the same time, we wish Ben much success in his move to the world of new media and his decision to return to a focus on entrepreneurial start-ups. Ben directed our corporate finance activities since joining the Company in 1991. Among other accomplishments, he was instrumental in launching our initial public offering, and played an integral role in our 1998 acquisition of Pepe Jeans USA and Tommy Hilfiger Canada Inc. We appreciate his many years of dedicated service." Tommy Hilfiger Corporation, through its subsidiaries, designs, sources and markets men's and women's sportswear, jeanswear and childrenswear under the Tommy Hilfiger trademarks. Through a range of strategic licensing agreements, the company is expanding its product lines to offer a broader array of apparel, accessories, footwear, fragrance and home furnishings. The company's products can be found in leading department and specialty stores throughout the United States, Canada, Mexico, central and South America, Europe, Japan, Hong Kong and other countries in the Far East.