Warnaco Announces New Organizational Structure and Key Executive Appointments at Its Calvin Klein Business to Support Its Global Growth Strategies | Business Wire

NEW YORK–(BUSINESS WIRE)–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.

Ms. McCluskey commented, “The organizational changes and key

appointments we are announcing are an important step in further

strengthening and positioning Warnaco to accelerate growth of our Calvin

Klein businesses and maximize their potential across the globe,

particularly as our direct-to-consumer channels become a larger part of

our business. Karyn is a well respected merchant with 20 years of

experience. Under her leadership, we will be placing a heightened focus

on the consumer and product development to continue to deliver a

differentiated brand experience and best serve and respond to the

evolving needs of our customers. At the same time, Mark is a proven

executive who is deeply respected within our organization and will lead

our global team in assuring that we are best positioned to grow our

revenue base across all markets and channels of distribution, with a

particular focus on enhancing the brand experience in our fast-growing

direct-to-consumer channels.”

ABOUT WARNACO

The Warnaco Group, Inc., headquartered in New York, is a leading global

apparel company engaged in the business of designing, sourcing,

marketing and selling men’s, women’s and children’s sportswear and

accessories, intimate apparel, and swimwear under such owned and

licensed brands as Calvin Klein®, Speedo®, Chaps®, and Warner’s® and

Olga®.

FORWARD-LOOKING STATEMENTS

The Warnaco Group, Inc. notes that certain written, electronic and oral

disclosure made by the Company from time to time, may contain

forward-looking statements that are made pursuant to the safe harbor

provisions of the Private Securities Litigation Reform Act of 1995. The

forward-looking statements involve risks and uncertainties and reflect,

when made, the Company’s estimates, objectives, projections, forecasts,

plans, strategies, beliefs, intentions, opportunities and expectations.

Actual results may differ materially from anticipated results, targets

or expectations and investors are cautioned not to place undue reliance

on any forward-looking statements. Statements other than statements of

historical fact, including, without limitation, future financial

targets, are forward-looking statements.

The Company encourages investors to read the section entitled “Risk

Factors” and the discussion of the Company’s critical accounting

policies under “Management’s Discussion and Analysis of Financial

Condition and Results of Operations — Discussion of Critical Accounting

Policies” included in the Company’s Annual Report on Form 10-K, as such

discussions may be modified or supplemented by subsequent reports that

the Company files with the SEC. Forward-looking statements speak only as

of the date on which they are made, and, except for the Company’s

ongoing obligation under the U.S. federal securities laws, the Company

disclaims any intention or obligation to update or revise any

forward-looking statements, whether as a result of new information,

future events or otherwise.

The post Warnaco Announces New Organizational Structure and Key Executive Appointments at Its Calvin Klein Business to Support Its Global Growth Strategies | Business Wire appeared first on TRJ Marketing.

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