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PVH SHOCKER: CEO WEBER OUT AFTER 8 MONTHS, CHIRICO TAKES REINS.(Phillips-Van Heusen)(Mark Weber)(Emanuel Chirico)
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WWD
- Article date:
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February 28, 2006
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Copyright informationCOPYRIGHT 2006 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Vicki M. Young, With contributions from Sharon Edelson
NEW YORK - Mark Weber's management style didn't last very long at Phillips-Van Heusen.
The clothing and footwear giant surprised the industry and the markets Monday with the news that its chief executive officer would leave the company "by agreement with the board" after only eight months in the job. He will be replaced by PVH's president and chief operating officer Emanuel Chirico, 48.
Meanwhile, Bruce Klatsky - who handpicked Weber to replace him as ceo last June - has
agreed to continue as chairman and seek reelection to the board this summer. Klatsky originally had planned to step down to focus ...
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