PVH Corp. announced that Mike Shaffer, chief operating and financial officer, will be leaving the company in September to pursue other opportunities while Abel-Hodges will be stepping down in July as CEO of Calvin Klein.
PVH shared the pending exits while announcing strong first-quarter earnings for 2021 above guidance and raising its full-year outlook.
Stefan Larsson, CEO, PVH, commented: “Mike has played an important role in shaping the direction of PVH over his 30 plus-year career with the company. As COO and CFO, he helped to expand our brands, including the acquisitions of Tommy Hilfiger in 2010 and Warnaco in 2013 and driving investments in infrastructure and operational capabilities. Mike has also been a strong proponent of our commitment to our industry leadership in aligning corporate responsibility, supply chain and technology.”
Shaffer commented: “I have had a long and wonderful career with PVH, working with the most talented people in the industry. I know that I am leaving the company in a strong position, having navigated through the complexities of the last year and now driving forward with an accelerated recovery. I am very proud of the PVH team and wish them every success in the future.”
Abel-Hodges will be moving to an advisory position with effect from July 1 through February 2022.
Trish Donnelly, CEO, PVH Americas, who has had oversight of Calvin Klein, will take full global leadership responsibility for the business.
PVH’s brands include Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, Arrow, Warner’s, Olga, Geoffrey Beene, and True & Co.
Photo courtesy PVH
