NEW YORK — James P. Reilly resigned Tuesday as vice president and corporate controller of Tommy Hilfiger Corp., according to a filing with the Securities and Exchange Commission.
Reilly, who was with the firm about 10 years, accepted a post as chief financial officer at a privately held firm, said the filing. His duties will be temporarily taken over by Joseph Scirocco, Hilfiger’s chief financial officer, senior vice president and treasurer.
It could not be learned what company Reilly has joined.
The U.S. Attorney’s Office in Manhattan is currently investigating the appropriateness of the rate of commissions paid by Hilfiger’s subsidiaries for services such as quality control and product development.
The company has been subpoenaed for documents related to the commissions back to 1990. Former and current executives at the company have also received subpoenas. Hilfiger has said it is cooperating with the probe. A spokeswoman had no comment as to whether there was any connection between the investigation and Reilly’s departure.
Reilly, along with other Hilfiger executives, is named as a defendant in several shareholder lawsuits filed against the firm in the wake of the investigation.
This story first appeared in the December 10, 2004 issue of WWD. Subscribe Today.