The US clothing company PVH Corp. announced on Tuesday that Chief Financial Officer (CFO) Zac Coughlin will be leaving the company at the end of the year to join audio entertainment provider Sirius XM. He will therefore remain in his role until December and will take part in the upcoming third quarter results conference call.
The group of companies, which includes the Tommy Hilfiger and Calvin Klein brands, said it has initiated a global search for a successor and appointed long-time executive Melissa Stone as interim CFO. Stone, currently Executive Vice President of Global Financial Planning & Analysis, will lead the transition. She has worked at PVH for over 20 years in senior financial positions, including Senior Vice President (SVP) of Accounting and Assistant Corporate Controller.
“I would like to thank Zac for his partnership and contributions over the last few years,” said CEO Stefan Larsson in a statement. He acknowledged Coughlin’s role in advancing the PVH+ reform approach and realizing significant cost savings. Larsson also emphasized that Stone brings extensive operational and financial expertise to the interim role.
Coughlin said he is proud to have contributed to PVH’s growth trajectory. He also expressed confidence that the company will maintain its positive momentum under Larsson’s leadership.
PVH also confirmed its sales and earnings forecasts for the third quarter and the full year of 2025. The group plans to present the results for the third quarter on December 4th.
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