Michael Shaffer, executive vice president and chief financial officer of PVH Corp., has added duties as chief operating officer of the company.
As chief operating officer, Shaffer succeeds Allen Sirkin, who relinquished his duties as president and chief operating officer of the company and will retire June 21, the day of PVH’s annual meeting. The post of president hasn’t been filled.
Sirkin joined PVH as president of its designer group in 1985, and soon after added responsibility for the Van Heusen brand. He served as chairman of the PVH Apparel Group and vice chairman of the dress-shirt group before his promotion to his most recent post in 2006.
An alumnus of Deloitte & Touche, Shaffer came to PVH in 1990 as financial budget manager and held various positions in its wholesale and retail divisions before being appointed executive vice president of finance and, in 2006, cfo.
Sirkin has been eligible for retirement since turning 65 in 2007 but had delayed his departure at company request.
PVH, one of the world’s largest apparel companies, owns the Calvin Klein and Tommy Hilfiger trademarks and, through its Heritage Brands unit, Van Heusen, Izod, Arrow and Bass brands. It also licenses numerous fashion brands.