US fashion company PVH Corp appoints Michael Calbert to board

0
PVH Corp, an American apparel company, has announced that Michael Calbert will join its Board of Directors (BoD), effective May 2, 2022. Calbert has served as Chairman of Dollar General since 2016 and was previously a member of the private equity firm KKR. & Co. LP, where he led the retail industry team from January 2000 until his retirement in 2014.

Additionally, Calbert was previously CFO of Food Markets at Randall and began his career as a Certified Public Accountant with Arthur Andersen worldwide. He has extensive experience in corporate finance, strategic business planning and accounting, particularly in the retail industry, as well as serving as a director of publicly traded retail companies.

Henry Nasella served on the board for 19 years, including as chairman since 2007 and chairman since 2021, when he first assumed an independent, non-executive role. Calbert is expected to succeed Nasella as president if Calbert is re-elected at the annual meeting, PVH Corp said in a press release.

PVH Corp., an American apparel company, announced that Michael Calbert will join its board of directors effective May 2, 2022. Calbert has served as chairman of Dollar General since 2016 and was previously a member of private equity firm KKR & Co .LP, where he led the retail industry team from January 2000 until his retirement in 2014.

The US apparel company also announced that Nasella, its non-executive chairwoman, will not stand for re-election at its June 16, 2022 annual meeting of shareholders. The changes are part of the refresh process previously disclosed by the board. administration, the press release added.

“We are delighted to welcome Calbert to the PVH Board of Directors. He is a highly experienced public company director with extensive chairmanship experience, and he brings deep expertise in the retail and consumer sectors. His contributions will be invaluable as we, under the direction of the Board, build the next chapter of growth for PVH. We remain focused on positioning PVH to win in the “new normal” powered by our two iconic global brands, Calvin Klein and Tommy Hilfiger“, Stefan Larsson, Managing Director of PVHnoted.

“On behalf of the Board of Directors and the entire management team, I would like to thank Nasella for her unique contributions and many years of wise counsel, as well as her incredible leadership on the Board. It’s fair to say that many of our successes as a company could not have been achieved without him. We wish him the best for the future,” Larsson continued.

“I am honored to join the PVH Board of Directors at this exciting time for the company and the industry. I look forward to working with my fellow board members to support Larsson and the management team to realize the company’s long-term growth opportunities, deliver strong shareholder returns and do it in a way that stays true to PVH’s goal of advancing fashion for good,” Calbert commented.

Fibre2Fashion (SF) News Desk

Share.

About Author

Comments are closed.