Executives’ wallets remained healthy last year, despite management shifts at some prominent companies. Headlining departures included Paul Charron, former chairman of the board and chief executive officer of Liz Claiborne Inc., and Mark Weber, former CEO of Phillips-Van Heusen Corp. When added together, the top 10 vendors made nearly $89 million in their compensation packages.* An interesting note: The top 10 vendor executives this year are all men—the top-ranked woman, Trudy F. Sullivan, outgoing president of Liz Claiborne Inc., comes in at number 12.
RALPH LAUREN, 67, CHAIRMAN OF THE BOARD AND CEO, POLO RALPH LAUREN CORP. Total value:$25.9 million Base salary: $1 million; bonus: $0; stock and options: $8.2 million; other: $16.6 million Hats off to Lauren, whose company’s strong growth continued last year. Lauren said in a statement in March, “We have made significant progress on all fronts, from opening new luxury stores to initiating steps to expand our accessories business in new categories, such as watches and fine jewelry, to taking direct control of our Japanese business and our Internet business.”
ROGER N. FARAH, 54, PRESIDENT AND CHIEF OPERATING OFFICER, POLO RALPH LAUREN CORP. Total value: $12.5 million Base salary: $900,000; Bonus: $0; stock and options: $8.6 million; other: $3 million Farah is another executive riding the wave of Polo’s growth, which saw profits rise 30.2 percent to $400.9 million and total revenues increase by 14.7 percent to $4.3 billion in the year ended March 31. Farah joined Polo in 2000 and has helped direct its global retail expansion.
PAUL R. CHARRON, 64, FORMER CHAIRMAN OF THE BOARD AND CEO, LIZ CLAIBORNE INC. Total value: $9.8 million Base salary: $1.5 million; bonus: $0; stock and options: $7.9 million; other: $428,739 It’s been a wild ride lately at Liz Claiborne, which reported a 65 percent decline in profits for the second quarter in a row. In November, Charron retired as chairman and CEO to become chairman emeritus, and remains as a consultant for the rest of this year. He was replaced by William L. McComb.
ROBERT MARGOLIS, 59, CHAIRMAN AND CEO, CHEROKEE INC. Total value: $8.8 million Base salary: $737,000; bonus: $8 million; stock and options: $0; other: $21,000 After cofounding the apparel division of Cherokee in 1981, Margolis became co-chairman of the board, president and CEO in 1990, and chairman of the board in 1993. He then resigned all of his positions in the fall of 1993, but rejoined the company once again as chairman and CEO in 1995.
EMANUEL CHIRICO, 50, CEO, PHILLIPS-VAN HEUSEN CORP. Total value: $6.7 million Base salary: $992,436; bonus: $0; stock and options: $1.7 million; other: $4 million At Phillips-Van Heusen’s shareholder meeting in June, Chirico outlined a retail strategy to open full-price Calvin Klein white label stores in the U.S. over the next 24 months. Chirico replaced Mark Weber as CEO on Feb. 27, 2006, after previously serving as PVH’s president and chief operating officer.
KENNETH P. PUCKER, 44, EXECUTIVE VICE-PRESIDENT AND CHIEF OPERATING OFFICER, TIMBERLAND CO. Total value: $6 million Base salary: $536,250; bonus: $0; stock and options: $5.2 million; other: $246,168 For Timberland’s first-quarter performance, total revenues were $336.3 million, down 3.9 percent from the year-ago quarter, as the company experienced declines in sales of boots and kids’ footwear. Pucker joined Timberland in 1992 but left the Stratham, N.H.–based company in March.
JEFFREY B. SWARTZ, 47, PRESIDENT AND CEO, TIMBERLAND CO. Total value: $5.6 million Base salary: $818,750; bonus: $0; stock and options: $4.2 million; other: $603,864 Swartz is the third generation of the family to lead Timberland—his grandfather, Nathan, founded the brand in 1952. The name was officially changed in 1978. Swartz has been president and CEO of Timberland since June 1998, and he’s been with the company since 1986.
MARK WEBER, 58, FORMER CEO, PHILLIPS-VAN HEUSEN CORP. Total value: $5 million Base salary: $91,667; bonus: $0; stock and options: $0; other: $5 million Weber succeeded Bruce Klatsky as CEO of Phillips-Van Heusen Corp. in 2005 but left the company in February 2006. He since has become CEO of LVMH Inc. (U.S.) and chairman and CEO of Donna Karan International, a subsidiary of LVMH. Weber received severance payments totaling $2.5 million.
JOSEPH R. GROMEK, 60, PRESIDENT AND CEO, WARNACO GROUP INC. Total value: $4.3 million Base salary: $991,667; bonus: $954,400; stock and options: $2 million; other: $296,236 Gromek, who has been president and CEO since 2003, told analysts in May, “We are truly a global company with nearly 50 percent of our revenues generated outside of the U.S. Our acquisition last year of Calvin Klein Jeans Europe and Asia reflected that vision and is driving our performance today.”
KENNETH D. COLE, 53, PRINCIPAL EXECUTIVE OFFICER, KENNETH COLE PRODUCTIONS INC. Total value:$4.1 million Base salary: $1 million; bonus: $0; stock and options: $1.5 million; other: $1.6 million Though the company has lost two key executives this year—chief operating officer Joel Newman and Kenneth Cole New York brand president Joshua Schulman—Cole, the company’s founder, remains in his seat. Cole has served as the company’s chairman and CEO since its inception in 1982.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews