WWD.com/fashion-news/fashion-features/pvh-has-new-ceo-1067491/
government-trade
government-trade

PVH Has New CEO

Emanuel Chirico is PVH's new chief executive officer.

NEW YORK — Phillips-Van Heusen Corp. said today that its board of directors has named Emanuel Chirico as its new chief executive officer.

Chirico, 48, had been the company’s president and chief operating officer. He succeeds Mark Weber, a 33-year veteran of PVH, who has left the company by agreement with the board.

Bruce Klatsky, the company’s former ceo and current board chairman, has agreed to stand for re-election to the board and continue as chairman.

Klatsky said that Weber leaves “having played a major role in creating the healthy and prosperous company we have today, including being responsible for the integration of Calvin Klein into PVH. We are very grateful for his service and wish him the best in his future endeavors.”

Separately, the company also increased its guidance for fiscal years 2005 and 2006. It expects diluted income per share to be at least $1.99, from a minimum of $1.97, excluding the costs associated with the company’s secondary offering in July 2005. For 2006, PVH is projecting earnings per share range of between $2.11 and $2.18.

For more details, see Tuesday’s WWD.