Tommy Hilfiger and Calvin Klein parent PVH’s chief financial officer, Zac Coughlin, will be leaving at the end of the year to join audio entertainment company Sirius XM, the companies said in separate statements on Tuesday.
Coughlin will be replacing Tom Barry at Sirius XM as CFO from the start of next year. Barry has held the position for two years.
At PVH, company veteran Melissa Stone will take on the role of interim CFO while the firm searches for a permanent chief.
Before PVH, Coughlin served as the finance head and chief operating officer at DFS, a subsidiary of LVMH, and as CFO of Converse, a unit of Nike. He also spent more than a decade in finance at Ford Motor Company.
PVH, which reported second-quarter results in August, also reaffirmed its third-quarter and annual forecast on Tuesday.
By Koyena Das
PVH Corp. Raises Outlook After Posting Quarterly Earnings Beat
The owner of the Calvin Klein and Tommy Hilfiger apparel brands now sees revenue increasing in a range of up “slightly” to a rise in the low-single digits.
