PVH Overhauls Financial Team, Confirms 2025 Projections

PVH activates a new movement in its financial leadership. The group has announced the departure of its CFO, who will remain with the company until the end of the year while it completes the transition and participates in the presentation of third-quarter results, scheduled for December 4th.

The U.S. company has specified that the process has already begun on a global scale and that it will be completed once a new head for the area has been appointed. During the interim period, PVH has appointed Melissa Stone, currently executive vice president of global financial planning and analysis, as interim CFO.

The group has stressed that the strategic roadmap remains unchanged and that it is keeping its guidance intact for the third quarter and for the full fiscal year 2025, as it communicated in August. The company has framed the move at a time when it is making progress in the deployment of the PVH Plan, focused on increasing efficiency, optimizing costs and boosting Calvin Klein and Tommy Hilfiger in its main markets.

Stefan Larsson, CEO of PVH, recognized the outgoing CFO for his contribution to the implementation of the PVH Plan and his role in driving efficiencies over the past few years. He also highlighted Stone’s expertise in the group’s global financial operations and his in-depth knowledge of the business.

PVH is in the midst of a search for a replacement CFO

The executive, with more than two decades of experience in the company, has held senior positions of increasing responsibility, including accounting and corporate control. PVH has indicated that her profile guarantees operational continuity while the international search to fill the position progresses.

The outgoing executive, for his part, is confident that the company will maintain the dynamism of the PVH Plan under Larsson’s leadership. The executive will join a U.S. company outside the fashion sector, SiriusXM.

In parallel to the handover, PVH has reaffirmed its sales and profit guidance for 2025 and for the third quarter, the results of which will be presented on December 4th.

In the second quarter of the fiscal year, PVH increased its sales by 4.5% to $2.16 billion, and increased its net income by 41.9% to $224 million, driven by the Calvin Klein campaign with Bad Bunny. In the period, Tommy Hilfiger grew 4% and Calvin Klein advanced 5%.

PVH, one of the world’s largest fashion groups, operates in more than forty countries and structures its business around Calvin Klein and Tommy Hilfiger. Founded more than 140 years ago, the company combines retail and wholesale and continues to focus on strengthening profitability and cost discipline.