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Tiffany &amp; Co. CEO Michael Kowalski to Retire; Successor Named
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tiffany Tiffany &amp; Co . announced Monday that its longtime chief executive officer, Michael J. Kowalski, will retire effective March 31, 2015. Kowalski, who is also a member of Tiffany’s Board of Directors, will continue to serve on the board in the role of non-executive chairman. Frederic Cumenal, president of the international luxury jewelry retailer, has been named to be the next CEO.
Tiffany Diamond Kowalski, 62, joined Tiffany in 1983, became its in CEO 1999 and assumed the role of chairman of the board in 2003.
<a href="http://www.tiffanyandco9.com"> Tiffany Sale</a> “I am immensely satisfied by what we have accomplished at Tiffany over the past 30 years, and I am confident that the company is superbly positioned for the future,” Kowalski said in a statement. “Frederic Cumenal is ideally suited to succeed me as chief executive officer, and we will continue to work closely together to ensure a seamless transition.”
Michael J. Kowalski
Tiffany Diamond Cumenal, 54, was named Tiffany’s president in September 2013, with responsibilities for worldwide sales and distribution as well as design, merchandising and marketing functions. At that time he was also appointed to a newly created seat on the Tiffany’s board. Cumenal initially joined Tiffany in March 2011 as an executive vice president with responsibilities for sales and distribution. He will succeed Kowalski on April 1, 2015.
Tiffany Sale “This is an extraordinary company with a fantastic heritage and an exciting future,” Cumenal said. “I am deeply honored to be selected as its leader and look forward enthusiastically to capitalizing on the many opportunities ahead.”
<a href="http://www.tiffanyandco9.com">Tiffany Diamond</a> Prior to joining Tiffany, Cumenal held senior leadership positions for 15 years in LVMH Group’s wine and spirits businesses, most recently as president and chief executive officer of Mo&euml;t &amp; Chandon, S.A. He previously served as CEO of Domaine Chandon, and was managing director of Mo&euml;t Hennessy Europe.
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