See what Stefan Larsson earned in his first year as PVH's CEO.
in the company’s annual proxy statement to shareholders, which also showed the CEO logged an 81.2 percent jump in his own compensation.
Larsson said the company “continued to successfully navigate the COVID-19 pandemic while driving toward an accelerated recovery to positionto win with the consumer in the ‘new normal’ and deliver sustainable, profitable long-term growth.” While PVH developed a reputation as a dealmaking powerhouse, Larsson is taking time now to take a step back, divesting the Heritage Brands division, and looking to really drive the company’s two main brands before buying any more.
“We have a clear commitment to unlocking the full potential of our iconic global brands, Calvin Klein and, as we remain focused on connecting closer to where the consumer is going than at any time before, while leveraging the power of PVH as a global growth platform,” Larsson said. The statement filed with the Securities and Exchange Commission set the company’s annual meeting for June 16 and also detailed the CEO’s pay.The bulk of his pay came from stock and option awards valued at $8 million, although their true value will depend on the price of PVH shares, tying Larsson’s take to the fortunes of shareholders. He also received a salary of $1.3 million and incentive pay of $5.2 million.
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