PVH revises Fred Gehring’s role in the company

PVH Corp has entered into a new employment agreement with Fred Gehring, currently Executive Chairman, Tommy Hilfiger, and Vice Chairman, PVH Corp. The agreement provides Gehring to resign as Executive Chairman, Tommy Hilfiger since the Tommy Hilfiger business continues to perform well under the leadership of Tommy Hilfiger CEO Daniel Grieder.

Gehring will continue in his role as Vice Chairman, PVH, serving as an advisor to Manny Chirico, PVH’s Chairman and Chief Executive Officer, and the PVH Board on matters related to PVH’s business and growth strategies. In connection with this change, Gehring will also step down as a member of PVH Corp’s Board of Directors. The new agreement and arrangements are effective August 1, 2015.