PVH CFO Coughlin to depart, company appoints interim replacement

NEW YORK - PVH Corp. (NYSE:PVH), the owner of Calvin Klein and Tommy Hilfiger brands, announced Tuesday that Chief Financial Officer Zac Coughlin will leave the company by the end of 2025 to pursue an opportunity outside the retail and apparel industry. The announcement comes as the company's stock trades at $76.08, significantly below its 52-week high of $113.47, with a price-to-earnings ratio of just 8.56.

Melissa Stone, who currently serves as Executive Vice President of Global Financial Planning & Analysis, will step in as Interim CFO while the company conducts a global search for a permanent replacement. Stone has been with PVH for over 20 years, previously holding senior finance positions including SVP Accounting and Assistant Corporate Controller.

"I want to thank Zac for his partnership and contributions over the past several years," said Stefan Larsson, Chief Executive Officer of PVH Corp. "He has played an integral role in advancing our PVH+ Plan progress and significantly driving cost efficiencies."

Coughlin will remain with the company through December 31 and will participate in PVH's upcoming third quarter earnings call scheduled for December 4.

In conjunction with the leadership change announcement, PVH reaffirmed its previously issued financial guidance for both the third quarter and full year 2025, as outlined in its August 26 earnings release.

PVH Corp., which describes itself as one of the world's largest fashion companies, has operated for more than 140 years and currently maintains a presence in over 40 countries worldwide.

The announcement comes as the company continues to implement its PVH+ Plan, which focuses on unlocking the full potential of its Calvin Klein and Tommy Hilfiger brands.

According to the company's press release statement, the third quarter earnings call will be broadcast live over the internet with a webcast replay remaining available on the company's website for 12 months afterward.

In other recent news, PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, payable on December 17, 2025, to stockholders of record as of November 26, 2025. Analysts have shown optimism about PVH's future prospects, with BTIG initiating coverage on the company with a Buy rating and a $100.00 price target, citing growth opportunities and potential for margin expansion. UBS has also raised its price target on PVH to $148.00 from $146.00, maintaining a Buy rating due to the company's brand strength and balance sheet, which could support earnings growth despite macroeconomic challenges. Jefferies increased its price target to $95.00 from $93.00, acknowledging PVH's solid second-quarter results and stable full-year earnings guidance. Additionally, PVH announced the appointment of Patricia Gabriel as Chief Supply Chain Officer and Global Head of Operations, succeeding David Savman, who will now focus solely on his role as Global Brand President for Calvin Klein. Gabriel will join the company in the fourth quarter, reporting directly to CEO Stefan Larsson. These developments reflect PVH's ongoing strategic initiatives and analyst confidence in its growth trajectory.

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