Sephora executive appointed CFO of Calvin Klein parent company
PVH Group announced on Monday the appointment of Alexis Rollier, Global CFO and COO of Sephora, as the group's new Chief Financial Officer, effective early September. He will succeed Melissa Stone, who has served as interim CFO since January 1, and will report to CEO Stefan Larsson.
Key Points
- New York-basedPVH Corp. appoints Alexis Rollieras its next chief financial officer. Rollier has served as global CFO and global COO of LVMH-owned cosmetics retailer Sephora since 2018, and the appointment was announced Monday via a company press release and securities filing.
- Rollier will officially take over the financial reins of the parent company of Calvin Klein and Tommy Hilfiger in early September, reporting to CEO Stefan Larsson. He will succeed Melissa Stone, executive vice president of global financial planning and analysis, who has served as interim CFO since January 1.
- The appointment comes after former PVH CFO Zac Coughlin left late last year to become SiriusXM's chief financial officer, and as the company continues to advance its multi-year strategic planPVH+ Plan。
Deep Dive
Rollier joins PVH as the company's long-term transformation plan faces mixed results. As CFO Dive sister publication Retail Dive reported last month, the plan aims in part to drive growth at its two flagship brands and improve digital business profitability.
PVH shares rose about 2.5% in late trading Tuesday after the CFO announcement was released Monday. In a client note Monday, a team of Needham analysts led by Tom Nikic described Rollier's experience as "solid" and said they view the move positively, as the prolonged lack of a permanent CFO had been a "sword of Damocles" weighing on the stock.
The note stated: "Our only reservation is that Sephora is not an apparel business (it's beauty) and is a multi-brand retailer rather than a single brand. However, we believe his experience and skills are largely transferable. We continue to believe PVH's valuation metrics have been overly punished due to some recent fundamental volatility, and we hope Mr. Rollier's appointment can be a step in the right direction for the company and the stock."
According to the press release, Rollier has been with Sephora for 14 years and brings 30 years of global finance, operations, and omnichannel retail experience. He has worked in the Middle East and Europe, previously served as CFO of French luxury cosmetics and fragrance company Guerlain, and began his career at Arthur Andersen.
In a statement in the press release, Rollier said: "Calvin Klein and TOMMY HILFIGER are two of the most iconic brands in the world with strong consumer relevance. I am thrilled to join the PVH team at this important stage of the company's development."
According to a filing with the U.S. Securities and Exchange Commission, Rollier, 57, will receive an initial base salary of $850,000 per year in his new role, along with a $375,000 cash advance to compensate for the bonus and equity awards he is forfeiting by leaving LVMH, in addition to one-time restricted stock unit (RSU) and performance stock unit (PSU) grants upon joining.
In the first quarter of fiscal 2026 ended May 3, PVH reported net income of $88 million on revenue of $2 billion, compared with a loss of $44.8 million on revenue of nearly $2 billion in the same period last year, according to the company's 10-Q filing.