Warnaco Announces New Organizational Structure And Key Executive Appointments At Its Calvin Klein Business To Support Its Global Growth Strategies
The Warnaco Group, Inc. (NYSE: WRC) announced a new organizational
structure and key executive appointments for its Calvin Klein business
designed to better support its long-range strategy and growth potential.
The Warnaco Group, Inc. (NYSE: WRC) announced a new organizational structure and key executive appointments for its Calvin Klein business designed to better support its long-range strategy and growth potential. Helen McCluskey, Warnaco’s President and Chief Executive Officer, said that to maximize its Calvin Klein business, increase market share, grow direct to consumer, and expand into new markets over the next five years, Warnaco is segmenting its Calvin Klein business into two components, creating centers of excellence in creative and commercial. To lead the creative center of excellence, Warnaco has recruited Karyn Hillman, an accomplished 20-year merchandising veteran. Ms. Hillman will serve as Chief Merchandising Officer for Calvin Klein Jeans and Calvin Klein Jeans Accessories, a newly-created position, and will oversee all design, product development, merchandising and marketing for these global businesses across all channels and geographies. Ms. Hillman will be based in New York, where all global product design and development capabilities will be centralized, and will report to Ms. McCluskey. She joins Warnaco on April 2 nd. Most recently, Ms. Hillman served as Senior Vice President at Gap, Inc. overseeing Merchandising for Gap Women’s, Men’s, Accessories and GapBody. She joined Gap in 1991 and during her tenure at that company, developed broad merchandising and product development expertise across a wide range of product categories at both Gap and Banana Republic. Her experience includes the successful development and product launch of the Gap 1969 denim strategy and the GapBody Fit activewear collection as well as the development and significant growth of key businesses at Banana Republic and GapKids. To lead the commercial center of excellence, Warnaco has promoted Mark Whyman to the new position of Chief Commercial Officer for its Calvin Klein businesses. Also based in New York, Mr. Whyman will be responsible for the commercial aspects of the Calvin Klein wholesale and direct-to-consumer businesses globally and will also report to Ms. McCluskey. In his three years at Warnaco, Mr. Whyman has done an outstanding job building and leading a high-performing organization in Asia Pacific that has consistently delivered against its objectives. An industry veteran with nearly 20 years of experience, Mr. Whyman most recently served as Managing Director of Warnaco Asia Pacific region, responsible for all commercial operations (retail and wholesale) in the region, including Hong Kong, China, Korea, Singapore, Taiwan, Australia and India. Prior to joining Warnaco, he held senior level apparel positions with Nike in the U.S. and Asia Pacific.
Warnaco Group (NYSE:WRC) hit a new 52-week high Wednesday as it is currently trading at $73.75, above its previous 52-week high of $73.73 with 98,743 shares traded as of 11:01 a.m. ET. Average volume has been 583,800 shares over the past 30 days.
Warnaco Group (NYSE:WRC) hit a new 52-week high Friday as it is currently trading at $73.43, above its previous 52-week high of $73.42 with 31,440 shares traded as of 10:15 a.m. ET. Average volume has been one million shares over the past 30 days.
Warnaco Group (NYSE:WRC) hit a new 52-week high Tuesday as it is currently trading at $73.26, above its previous 52-week high of $73.25 with 234,399 shares traded as of 3:30 p.m. ET. Average volume has been 983,300 shares over the past 30 days.