Calvin Klein's global president steps down from position

Calvin Klein Announces Leadership Changes as Company Navigates Challenging Period

In a significant move, Calvin Klein has announced that Eva Serrano, the global brand president of the fashion house, will be stepping down from her role effective immediately. Serrano will remain with the company through the end of the year, serving as an advisor to support the transition. Her successor, David Savman, will take on the position starting in the new year.

Savman, who joined PVH Corp in 2022, brings a wealth of experience to the table. Prior to joining Calvin Klein, he spent nearly 20 years with H&M, where he held various leadership positions. In addition to his new role, Savman will also continue in his current role as CEO of PVH Europe.

PVH Corp, the parent company of Calvin Klein, announced Serrano's departure on a Thursday. The news comes at a challenging time for the company, as its fourth quarter revenue dropped 2%, and its full year revenue fell 1% to $8.7 billion. This marks a 6% decline in the company's full year revenue compared to the previous year.

In a positive development, Calvin Klein returned to the runway in February of this year after a six-year pause. The brand debuted two men's underwear ad campaigns featuring actor Jeremy Allen White in 2024. However, there is no information about Calvin Klein returning to the runway or pausing its runway presence in this paragraph.

In May 2024, Calvin Klein hired designer Veronica Leoni to be creative director of Calvin Klein Collection. This article does not mention any new creative director changes for Calvin Klein, nor any new ad campaigns featuring actors or models.

David Savman was credited with repositioning Europe for growth during his tenure as interim CEO at PVH Europe from June 2024 to February of this year. In 2022, PVH Corp outlined its multi-year strategic PVH+ Plan.

It's important to note that this article does not mention any new creative director changes for Calvin Klein. The fashion industry is constantly evolving, and Calvin Klein continues to be a major player in the world of fashion. As the company navigates this period of change, we can expect to see new and exciting developments in the coming months.