NG LEAVES TOMMY HILFIGER
NEW YORK — Benjamin Ng has resigned as chief financial officer and executive vice president of strategic development of Tommy Hilfiger Corp. to join Intellocity USA, a broadband and media concern.
Joel H. Newman, currently Hilfiger’s chief executive vice president of finance and chief administrative officer, has been named chief financial officer. Newman, who has been at Hilfiger since 1993, will also continue as chief administrative officer.
“We are fortunate to have a seasoned executive such as Joel leading our financial and administrative activities,” said Silas Chou, co-chairman of Hilfiger. “At the same time, we wish Ben much success in his move to the world of new media.”
Ng becomes vice chairman of Intellocity, which develops interactive television infrastructure. Chou noted that Ng directed Hilfiger’s corporate finance activities since joining in 1991, including Hilfiger’s 1991 initial public offering and the 1998 merger with Pepe Jeans USA and Tommy Hilfiger Canada. Prior to joining Hilfiger, Ng was an investment banker at Goldman Sachs.