PVH Corp announces CFO transition amid Zac Coughlin’s departure

Calvin Klein and Tommy Hilfiger’s parent company PVH Corp’s chief financial officer Zac Coughlin will leave the business at the end of the year to join audio entertainment business Sirius XM. PVH Corp has launched a global search for its next CFO.

 
“I want to thank Zac for his partnership and contributions over the past several years,” said PVH Corp’s chief executive officer Stefan Larsson in a release posted on the company’s website. “He has played an integral role in advancing our PVH+ Plan progress and significantly driving cost efficiencies. As we continue on our journey to unlock the full potential of Calvin Klein and TOMMY Hilfiger, we would like to wish Zac continued success in his next chapter.”
 
Coughlin will remain at PVH Corp until the end of the calendar year and will also take part in its upcoming third quarter earnings call. While PVH Corp searches for its next CFO, its current executive vice president of global financial planning and analysis Melissa Stone will act as interim CFO. Stone has worked at PVH Corp for over 20 years where she has held a series of senior finance roles.

“Melissa has extensive experience across our company’s financial operations and brings a deep understanding of our global business to this interim role,” said Larsson. “I’d like to thank Melissa for stepping in as we conduct a search for our next CFO.”
 
Coughlin will replace Tom Barry as Sirius XM’s CFO from the start of next year, Reuters reported. “I’m so proud to have had this unique opportunity to be a part of shaping this chapter in PVH’s growth journey,” said Coughlin. “I look forward to seeing continued momentum of the PVH+ Plan with the strong team in place under Stefan’s leadership.”