Zac Coughlin, who’s been chief financial officer of PVH Corp. since 2022, is moving on to become finance chief at SiriusXM.
He will stay on until the end of December at the Calvin Klein and Tommy Hilfiger parent company.
PVH on Tuesday reaffirmed its revenue and profit guidance for the rest of the year and said Coughlin would be on hand for the company’s third-quarter earnings call on Dec. 4.
The timing gives PVH a little cushion to find someone new, but CFO is a vital role for any public company and such a high-level search can take time.
Meanwhile, PVH veteran Melissa Stone, who is currently executive vice president of global financial planning and analysis, is stepping in as interim CFO.
Stefan Larsson, chief executive officer of PVH, said: “I want to thank Zac for his partnership and contributions over the past several years. He has played an integral role in advancing our PVH+ Plan progress and significantly driving cost efficiencies. As we continue on our journey to unlock the full potential of Calvin Klein and Tommy Hilfiger, we would like to wish Zac continued success in his next chapter.”
Coughlin said he was “so proud to have had this unique opportunity to be a part of shaping this chapter in PVH’s growth journey. I look forward to seeing continued momentum of the PVH+ Plan with the strong team in place under Stefan’s leadership.”
Before joining PVH, Coughlin was CFO and chief operating officer at DFS Group, a subsidiary of LVMH Moët Hennessy Louis Vuitton. Earlier he was CFO at Nike Inc.’s Converse division and held a number of finance jobs at Ford Motor Co.
