PVH appoints new CFO
As of April 4, Coughlin will have responsibility for all finance functions at the New York-based apparel group. He joins PVH from DFS Group Limited, a subsidiary of LVMH Group, where he served as group CFO and chief operating officer. Prior to that, Coughlin was CFO at Converse, Inc., supporting its global business spanning wholesale, retail and e-commerce.
Jim Holmes, who is currently interim CFO, will continue in his role as executive vice president, controller, once Coughlin joins the company.
“Zac brings over 20 years of high performance financial and operational leadership with best-in-class global companies,” said Stefan Larsson, PVH chief executive officer, who he will report to.
“His deep strength in financial management and consistent track record of value creation has been built on his strong business acumen, operational capabilities and ability to cut through complexity. Zac’s leadership will be an important addition to our management team as we set out to build PVH’s next growth chapter.”
Coughlin added: “I am thrilled to be joining PVH at this exciting time. I look forward to working with Stefan and the full PVH team to build out and execute the next chapter of growth for the company, drive sustainable, profitable growth, and build on the strength of its people and iconic brands.”
In December, PVH reported a year-over-year revenue increase of 10% in its third-quarter ended October 31, 2021, reaching revenue of $2.33 billion. In the fourth quarter, PVH anticipates that revenue will increase between 11% and 14% year over year, while earnings per share are expected to be approximately $3.00.
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