Erinn Murphy appointed as CFO of Helly Hansen by parent company Kontoor Brands.
The move aims to integrate and strengthen Helly Hansen's finances post-acquisition.
Murphy brings extensive internal financial experience from within Kontoor.
Part of Kontoor's strategy to diversify into performance apparel beyond denim.
📖 Full Retelling
Kontoor Brands, the parent company of Wrangler and Lee, has appointed Erinn Murphy as the new Chief Financial Officer for its recently acquired outdoor brand, Helly Hansen. The announcement was made from the company's headquarters in Greensboro, North Carolina, on April 15, 2025. This strategic leadership appointment is a direct move to integrate and strengthen the financial operations of Helly Hansen following its acquisition, aiming to drive growth in the competitive performance apparel sector.
Murphy brings over two decades of financial and strategic experience to the role, most recently serving as a senior finance executive within Kontoor's corporate structure. Her appointment is seen as a critical step in realizing the synergies anticipated from the Helly Hansen purchase, a deal valued at approximately $1.2 billion that was finalized last year. Kontoor's leadership has emphasized that Murphy's deep understanding of the company's financial systems and growth strategy makes her the ideal candidate to lead Helly Hansen's fiscal planning and reporting.
The move underscores Kontoor Brands' broader ambition to diversify its portfolio beyond its core denim business and establish a significant foothold in the high-performance outdoor and workwear markets. Analysts suggest that integrating a seasoned financial leader like Murphy is essential for optimizing Helly Hansen's supply chain, managing its global expansion, and improving profitability. This executive change is expected to provide greater financial clarity and strategic direction for Helly Hansen as it navigates post-acquisition challenges and capitalizes on new market opportunities under the Kontoor umbrella.
🏷️ Themes
Corporate Leadership, Mergers & Acquisitions, Business Strategy
Kontoor Brands is an American clothing company. It was a spin off from the VF Corporation in May 2019, and markets clothing under the Lee, Wrangler and Helly Hansen brand names.
Having its head office in Greensboro, North Carolina, Kontoor also operates the VF Outlet chain of factory outlet stores.
Helly Hansen AS is a Norwegian manufacturer and retailer of clothing and sports equipment. Currently headquartered in Oslo, it was previously headquartered in Moss, Norway, from its founding in 1877 until October 2009. It is a wholly-owned subsidiary of Kontoor Brands.