Tommy Hilfiger parent company names new CFO

PVH Corp. has tapped a former Converse exec as its new finance head.

The parent company of Calvin Klein, Tommy Hilfiger, Warner’s, Olga and True & Co., appointed Zac Coughlin as executive VP and CFO, effective April 4. Jim Holmes, currently interim CFO, will continue in his role as executive VP, controller.

Coughlin, who will report to PVH CEO Stefan Larsson, joins PVH from DFS Group, the luxury travel retail subsidiary of LVMH Group, where he served as group CFO and COO. Prior to DFS, Coughlin was CFO at Converse, a division of Nike. He started his career with Ford Motor Company where he held multiple global financial leadership roles.

Coughlin joins PVH as the company is sharpening its focus on it top brands. In June, the company entered into a deal to sell its Heritage Brands business — which includes the Izod, Van Heusen, Arrow and Geoffrey Beene brand trademarks — to Authentic Brands Group for $220 million.

“Zac brings over 20 years of high performance financial and operational leadership with best-in-class global companies,” stated Larssson. “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.”