Jesper Andersen, Executive Vice President and Chief Financial Officer, Lego Group, has been appointed to the Board of Directors, PVH Corp, effective immediately. Andersen will also serve on the board’s Audit and Risk Management Committee.
With over 25 years of experience leading major consumer brands, Andersen has been the CFO of the Danish toymaker since October 2020. During his four-year tenure at the company, he has played a key role in Lego’s growth, focusing on expanding the brand’s global reach and relevance. Prior to Lego, Andersen was employed at Upfield and Beiersdorf as the companies’ Chief Financial Officer. He was also engaged with the Colgate-Palmolive Group across Europe, Asia and North America for nearly two decades.
Stefan Larsson, CEO, PVH, states, Andersen’s strong financial expertise, omnichannel experience, and data-driven mindset make him a valuable addition to the company’s board that aims to make Calvin Klein and Tommy Hilfiger two of the most sought-after lifestyle brands globally.
PVH recently also appointed Fredrik Olsson, former Managing Director, Max Fashion-Middle East as CEO, PVH-EMEA region. As per the company’s latest trading report, PVH’s Q2, FY25 revenues declined by 6 per cent to $2.074 billion as the company faced a declined performance in international markets, particularly in the Asia Pacific region.
Andersen’s addition to the board will also help PVH to leverage his extensive financial and global market expertise to navigate these challenges and continue building momentum for its key brands, Calvin Klein and Tommy Hilfiger.
