NEW YORK — Joel Newman, a top executive at Tommy Hilfiger Corp. for more than 10 years and a former vice chairman of Leslie Fay Co., is retiring as executive vice president for finance and operations. He will stay with Tommy Hilfiger until a successor has been found and a transition begins.

Newman, 62, also serves as chief operating officer of Tommy Hilfiger U.S.A. Inc., the company’s principal operating subsidiary.

Newman, who joined Tommy Hilfiger in 1993, has been executive vice president for finance and operations since 2001. He has held a number of executive titles during his Hilfiger career, including chief financial officer from 2001 to October 2002, chief financial and administrative officer from 2000 to 2001, and chief administrative officer from 1998 to 2000.

Chief executive officer David Dyer in a statement credited Newman for his contributions to developing much of the company’s financial and operations infrastructure.

Before joining Hilfiger, Newman was vice chairman and chief operating officer of Leslie Fay, and spent more than three years as president of Calvin Klein Industries. He also held various posts with the former Batus Retail Group, including president of Kohl’s Department Stores, Milwaukee.

This story first appeared in the July 30, 2004 issue of WWD. Subscribe Today.