Also, Calbert was previously the chief financial officer of Randall’s food market and began his career as a certified public accountant with Arthur Andersen worldwide. He has extensive experience in corporate finance, strategic business planning and accounting, especially in the retail industry, as well as being a director of publicly traded retail companies.
Henry Nassella has served on the board for 19 years, including the presiding director since 2007 and the chair since 2021 when it first took on an independent, non-executive role. Calbert is expected to replace Nassella if he is re-elected at the annual meeting, PVH Corp said in a media release.
PVH Corporation, an American clothing company, has announced that Michael Calbert will join its board of directors, effective May 2, 2022. Calbert has served as chairman of Dollar General since 2016 and was previously a member of the private equity firm KKR & Co LP, where he led the retail industry team from January 2000 until retiring in 2014.
The American clothing company has also announced that Nassella, its non-executive chair, will not stand for re-election at its June 16, 2022, annual meeting of stockholders. The changes are part of the board’s previously published refreshment process, the media release added.
“We are excited to welcome Calbert to the PVH board. He is a highly experienced public company director with extensive chair experience and has profound expertise in the retail and consumer sectors. His contributions will be invaluable as we will, under the direction of the Board, create the next growth chapter for PVH. To win the ‘new normal’ driven by our two iconic global brands, we focus on PVH positioning, Calvin Klein And Tommy Hilfiger” Stefan Larson, CEO of PVHSaid.
“On behalf of the Board of Directors and the entire management team, I would like to thank Nasela for her unique contributions and many years of wise advice as well as for the incredible leadership of the Board. It is safe to say that without him, we would not have had so much success as a company. We wish her all the best for the future. ” Larson Continued
“I am honored to join the PVH board at this exciting time for the company and the industry. I look forward to working with my fellow board members to realize the company’s long-term growth opportunities, to provide strong stockholder returns, and to support Larson and the management team in keeping PVH’s purpose for fashion-forward true. Well, ” Calbert Comments
Fibre2Fashion News Desk (SF)