CEO of Tommy Hilfiger Global Exits

PVH Corp. (New York), operator of the Calvin Klein and Tommy Hilfiger brands, announced that Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe, will be leaving the company. He will stay on for a limited time to serve as an adviser in facilitating a smooth transition.

As a result, Tommy Hilfiger Global President Lea Rytz Goldman will lead that brand, reporting directly to PVH CEO Stefan Larsson, and David Savman, PVH’s Chief Supply Chain Officer, will serve as Interim CEO for PVH Europe. The Company has launched a search for a new European leader.

Said Larsson: “I want to thank Martijn for his significant contributions to PVH over the past 16 years, being a key leader in helping to build our European region into the market-leading and highly profitable multi-brand business we have today.”
Regarding Savman’s appointment, Larsson continued, “Since David joined us, he has played a unique role in the company as a key leader driving strong PVH+ Plan performance, all the way from product creation to marketplace execution.”

The announcement of Hagman’s departure coincided with PVH reporting its first-quarter results, including revenue of $1.952 billion, down 10% from a year earlier, and net profit of $152.4 million, up from $136 million for the same period.

Overall, PVH’s Calvin Klein banner has more than 4000 outlets worldwide while its Tommy Hilfiger brand operates more than 1800 stores globally.