Jesper Andersen
PVH CORP. /DE/About Jesper Andersen
Independent director of PVH Corp. since 2024 (age 54) and a member of the Audit & Risk Management Committee; qualifies as an SEC “audit committee financial expert.” He is Executive Vice President and Chief Financial Officer of the LEGO Group (since Oct 2020), with prior CFO roles at Upfield (2018–2020) and Beiersdorf (2015–2018), and 21 years in finance leadership at Colgate-Palmolive (1994–2015). Attendance in 2024 was 100% for Board and committee meetings during his tenure; he is independent under NYSE rules.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| LEGO Group | EVP & Chief Financial Officer | Oct 2020–present | Described as a seasoned global leader with strong financial acumen and data-driven approach |
| Upfield | Chief Financial Officer | 2018–2020 | Finance leadership |
| Beiersdorf | Chief Financial Officer | 2015–2018 | Finance leadership |
| Colgate-Palmolive | Various finance leadership roles (Europe, Asia, North America) | 1994–2015 | Regional/global finance leadership |
External Roles
| Organization | Role | Since | Notes |
|---|---|---|---|
| LEGO Group | EVP & Chief Financial Officer | Oct 2020 | Current executive role |
| Other public company boards | — | — | None |
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent director; Board determined all directors other than the CEO are independent under NYSE rules |
| Committees | Audit & Risk Management Committee member (began Nov 2024); committee met 10 times in 2024 |
| Financial expert | Identified as an “audit committee financial expert” under SEC rules |
| Attendance | 100% of Board and committee meetings in 2024 during his tenure; Board held 5 meetings in 2024 |
| Board leadership | Independent, non-executive Chair structure; independent directors meet in executive session at each regular meeting |
| Other board service policy | Directors limited to serving on no more than three other public company boards; additional board seats require Board/Committee approval |
| Related-party transactions | No related person transactions in 2024; audit committee reviews any such matters |
| Hedging/pledging | Directors/officers prohibited from hedging and pledging PVH stock |
Fixed Compensation
| Component | 2024 Policy/Amount | Jesper Andersen 2024 Actual |
|---|---|---|
| Annual director cash retainer | $100,000 cash | $13,611 cash retainer (pro-rata) |
| Committee member fees | Audit & Risk Management: $20,000; Compensation: $15,000; NG&MD/CR: $10,000 | $2,722 committee member fees |
| Committee chair fees | Audit & Risk Management Chair: $45,000; Compensation Chair: $35,000; NG&MD/CR Chairs: $25,000 | — |
| Non-exec Chair premium | Additional ~$200,000 in RSUs | — |
| Perquisites | Store discounts; business accident travel insurance; optional umbrella insurance at own cost | Same policy applies |
| Total 2024 director compensation | — | $16,333 cash; no 2024 stock award (joined after annual meeting) |
Notes:
- Non-employee directors ordinarily receive annual RSUs (~$180,000 grant-date value) but those who join after the annual meeting get pro-rata cash fees and no RSU for that year. Andersen joined August 2024 and did not receive the 2024 RSU grant.
Performance Compensation
| Equity Element | Typical Value/Structure | Vesting & Terms | Metrics |
|---|---|---|---|
| Annual RSU grant (directors) | ~US$180,000 grant-date value | Vests on earlier of 1 year or next annual meeting; delivered in shares; no RSU in join year if after annual meeting | Time-based; no performance metrics |
| Chair RSU premium | ~US$200,000 additional for non-executive Chair | Same vesting framework | Time-based |
Other Directorships & Interlocks
| Type | Detail |
|---|---|
| Other public company directorships | None |
| Compensation Committee interlocks | PVH discloses no interlocks/relationships requiring disclosure for 2024 (committee-level) |
Expertise & Qualifications
- Seasoned global finance leader with omnichannel and data-driven approach; 25+ years of global leadership across Europe, Asia, and North America.
- Audit & Risk Management Committee member and designated audit committee financial expert.
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (as of record date Apr 21, 2025) | 136 shares |
| RSUs outstanding (director) | N/A (no 2024 grant due to mid-year appointment) |
| Options exercisable within 60 days | 0 (no options listed for directors in the 60-day category for Andersen) |
| Ownership as % of outstanding shares | ~0.0003% (136 / 47,992,721) as of record date |
| Director ownership guideline | 5× standard annual cash retainer; five years to comply |
| Compliance timing | Andersen has until calendar year 2029 to meet the guideline |
| Hedging/pledging | Prohibited for directors and officers |
Insider Trades
| Item | Detail |
|---|---|
| Section 16(a) compliance | Company reports compliance with Section 16(a) filing requirements for fiscal 2024 (no delinquent filings attributed to Andersen) |
| Most recent beneficial ownership | 136 shares (director <1 year) |
Governance Assessment
- Strengths: Independent status; appointed to Audit & Risk Management with “audit committee financial expert” designation; 100% attendance; no related-party transactions; strong Board governance (independent Chair, regular executive sessions, committee independence, hedging/pledging ban). These attributes support credible oversight of financial reporting and risk.
- Alignment: Standard director pay mix emphasizes equity via annual RSUs; Andersen did not receive 2024 RSUs due to mid-year appointment, but is subject to a robust 5× retainer ownership guideline with a compliance window to 2029, which should increase alignment over time.
- Potential flags: Early tenure implies currently modest ownership (136 shares, ~0.0003%), but this is consistent with join timing and policy; no indications of conflicts, related-party exposure, hedging/pledging, or attendance concerns.