Chairman and CEO Manny Chirico (left) and incoming President Stefan Larsson (right)
PVH, one of the world’s largest apparel companies, has announced the appointment of Stefan Larsson to the newly created role of President. Larsson will have the responsibility for managing PVH’s branded businesses and regions, with each of the three brand CEOs and the Regional Presidents reporting to him. PVH owns iconic brands such as Calvin Klein, Tommy Hilfiger, Van Heusen, Speedo, and IZOD.
Larsson was most recently Chief Executive Officer of Ralph Lauren Corp where he successfully refocused the company on what made it iconic, improved its performance and set the path for future growth. Prior to that, Larsson 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. Over nearly 15 years, 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.
Emanuel Chirico, Chairman and CEO of PVH, said in a statement: “Stefan’s talent and operational track record make him a strong addition to the PVH senior management team. 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.
Larsson's appointment is effective June 3, 2019 and he will report to Emanuel Chirico, PVH’s Chairman and Chief Executive Officer.