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  • Nick Monjo

2 Former Calvin Klein Execs To Naked’s Board

Naked Brand Group Inc., added two key former Calvin Klein executives to is board of directors earlier this year. One is Martha Olson, former group president of Calvin Klein Underwear Global; the other is Paul Hayes, a CPA who served as CFO for the Europe region of The Warnaco Group. There Hayes led “the commercial finance and accounting team for the $500 million Calvin Klein brand business.”

Olson “will advise [Naked] on category expansion and growth,” according to the announcement. Said Olson of the post, “Based on my experience at Calvin Klein, Warnaco and in the global underwear industry, I see enormous opportunities for the Naked brand. I look forward to sharing my experiences and contributing to the future direction and success of this exciting brand.”

Naked’s profile of Olson noted that she “has a proven track record over her 30 year career of growing global, iconic brands such as Calvin Klein Underwear and Ralph Lauren Intimates while delivering superior shareholder returns. As a Warnaco Corporate Officer and the Group President of Calvin Klein Underwear Global and the Heritage Brands (Speedo, Chaps and Core Intimates Divisions), the businesses she had responsibility for grew to $1.4B and contributed 70% of Warnaco’s operating income. Calvin Klein Underwear revenue grew at an annualized compound rate of 8%. She has strong global expertise in general management, operations, commercial execution and marketing across a wide range of industries.”

Carole Hochman, CEO and chief creative officer of Naked said of the appointment, “Martha’s distinguished global expertise in fashion and consumer lifestyle brands, her inspiring leadership, and passion for the industry are powerful additions to Naked’s board. We are so excited to start working with her closely and benefiting from her unique talents.”


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