Parent of Tommy Hilfiger, Calvin Klein taps Stefan Larsson for key new role
The former CEO of Ralph Lauren Corp. has landed a new position at one of the world’s largest apparel companies.
PVH, whose brands include Calvin Klein, Tommy Hilfiger, Van Heusen, Speedo and Izod, has appointed Stefan Larsson to the newly created role of president, PVH Corp., effective June 3, 2019. Larsson will be responsible for managing PVH’s branded businesses and regions, with each of the three brand CEOs and the regional presidents reporting to him. He will report to Emanuel Chirico, chairman and CEO, who has signed a new five-year employment agreement with the company. The plan is for Chirico to move to executive chairman during the next three to four years and have Larsson take over as chief executive, according to Women’s Wear Daily.
Larsson was most recently CEO of Ralph Lauren Corp., which he left in 2017 after reported clashes with the legendary founder. Prior to that, he served as the global president of Old Navy, a division of Gap Inc., and helped Old Navy deliver 12 consecutive quarters of profitable growth, adding $1 billion in profitable sales.
Prior to Old Navy, Larsson was part of the team that grew Swedish retailer Hennes & Mauritz (H&M) sales from $3 billion to $17 billion, and expanded the company’s operations from 12 to 44 countries.
“Stefan’s talent and operational track record make him a strong addition to the PVH senior management team,” said Chirico. “He is highly regarded for his strategic focus, proven leadership and global experience in driving transformation and brand building in an increasingly dynamic and ever-changing consumer landscape. As our president, I am confident that Stefan is uniquely qualified to help fuel our global growth by successfully leading our brands and regions to execute against our strategic priorities, and deliver consistent top and bottom line growth and returns to our stockholders.”
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