American fashion company PVH Corp appoints Michael Calbert to BoD

Fashion

American fashion company PVH Corp appoints Michael Calbert to BoD

28 Mar `22

3 min read

PVH Corp, an American clothing company, has announced that Michael Calbert will join its board of directors (BoD), effective May 2, 2022. Calbert has served as chairman of Dollar General since 2016 and formerly was a member of the private equity firm KKR & Co. L.P., where he led the retail industry team from January 2000 until his retirement in 2014.

In addition, Calbert was previously the chief financial officer of Randall’s food markets and started his career as a certified public accountant with Arthur Andersen worldwide. He has extensive experience in corporate finance, strategic business planning and accounting, particularly in the retail industry, as well as a director of publicly traded retail companies.

Henry Nasella has served on the board for 19 years, including as presiding director since 2007 and chair since 2021 when it first became an independent, non-executive role. Calbert is expected to succeed Nasella as chair if Calbert is re-elected at the annual meeting, PVH Corp said in a media release.

PVH Corp., an American clothing company, has announced that Michael Calbert will join its board of directors, effective May 2, 2022. Calbert has served as chairman of Dollar General since 2016 and formerly was a member of the private equity firm KKR & Co. L.P., where he led the retail industry team from January 2000 until his retirement in 2014.#

The American clothing company also announced that Nasella, its non-executive chair, will not stand for re-election at its June 16, 2022, annual meeting of stockholders. The changes are part of the board’s previously disclosed refreshment process, the media release added.

“We are excited to welcome Calbert to the board of PVH. He is a highly experienced public company director with extensive chair experience, and he brings deep expertise in the retail and consumer sectors. His contributions will be invaluable as we, under the board’s guidance, build the next growth chapter for PVH. We remain focused on positioning PVH to win in the ‘new normal’ powered by our two iconic global brands, Calvin Klein and Tommy Hilfiger,” Stefan Larsson, chief executive officer of PVH, said.

“On behalf of the board of directors and the whole management team, I want to thank Nasella for his unique contributions and many years of wise counsel, as well as his incredible leadership of the board. It is fair to say that many of our successes as a company could not have been achieved without him. We wish him all the best for the future,” Larsson continued.

“I’m honoured to be joining the board of PVH at this exciting time for the company and the industry. I look forward to working with my fellow board members in supporting Larsson and the management team to realise the company’s long-term growth opportunities, deliver strong stockholder returns, and do it in a way that stays true to PVH’s purpose to drive fashion-forward for good,” Calbert commented.

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