PVH announced that Tommy Hilfiger CEO Fred Gehring will become chairman of the brand and vice chairman at PVH, assuming advisory roles in the company. He will be succeeded by longtime Tommy Hilfiger executive Daniel Grieder, as soon as the middle of 2014.
The announcement provided more details on an SEC filing from July that suggested both Gehring and Calvin Klein CEO Tom Murry would be transitioning to reduced roles over the next several years.
“Fred Gehring has been an exceptional partner since our acquisition of Tommy Hilfiger in 2010,” commented PVH CEO Manny Chirico in a statement. “Under his leadership, Tommy Hilfiger has consistently been a top performer among PVH’s portfolio of global lifestyle brands. Daniel Grieder has worked closely with Fred since moving to Tommy Hilfiger Europe’s Amsterdam headquarters in 2003, and his ascension to global CEO of the Group is a natural progression. We believe our advance preparation for this internal succession plan, Fred’s continued active visionary involvement and Daniel’s operational excellence and leadership will ensure continuity in the development and growth of our Tommy Hilfiger businesses worldwide and drive the Calvin Klein Europe business forward.”
Daniel Grieder joined Tommy Hilfiger Europe in 1997 as managing director in Switzerland and Austria and moved to the Amsterdam headquarters in 2003. He became CEO of Tommy Hilfiger Europe in 2008. When PVH acquired Warnaco, Grieder was named CEO of PVH Europe, overseeing the integration of the European businesses of Tommy Hilfiger and Calvin Klein.