PVH Corp., the parent company behind popular fashion brands such as Calvin Klein and Tommy Hilfiger, has recently announced the appointment of Michael Calbert to its board of directors. Calbert, who currently serves as chairman of the board at Dollar General Corporation, will officially join PVH’s board on May 2, bringing with him a wealth of experience in the retail and consumer sectors.
This announcement also included news that Henry Nasella, PVH’s non-executive chair, will not be seeking re-election at the next annual stockholders’ meeting. These changes are part of the ongoing board refreshment process at PVH.
Nasella has been a member of PVH’s board for an impressive 19 years, holding various leadership positions such as presiding director and chair. However, due to having served beyond the mandatory retirement age, Nasella required a waiver for his last three terms as a board member.
If re-elected at the upcoming annual meeting, Michael Calbert is expected to succeed Nasella as the chair of PVH’s board. PVH CEO Stefan Larsson expressed his excitement about Calbert’s addition to the board, highlighting his extensive experience as a director in public companies and his deep knowledge of the retail and consumer sectors.
Calbert has served as chairman of Dollar General since 2016. Before that, he led the retail industry team at private equity firm KKR & Co. Furthermore, Calbert has a strong financial background, having worked as a CFO and beginning his career as a certified public accountant.
Calbert’s appointment comes at a critical time for PVH as the company faces the challenges and opportunities within the retail industry. PVH is committed to positioning itself for success in the “new normal” and continuing the growth of its globally recognized brands.
In a statement, Calbert expressed his honor in joining PVH’s board and his dedication to supporting the company’s long-term growth while delivering strong returns for shareholders. He also emphasized the importance of staying true to PVH’s mission of driving fashion forward for good.
PVH believes that Calbert’s vast experience and expertise will be invaluable to its board of directors. The company is confident that Calbert’s contributions will greatly benefit PVH as it enters its next phase of growth.
Useful links:
1. PVH Corp Official Website
2. Dollar General Official Website
