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Tiffany Picks Ex-Bulgari Exec as CEO
Jul 13, 2017 8:00 AM
By Rapaport News
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RAPAPORT... Tiffany & Co has named veteran luxury executive
Alessandro Bogliolo as CEO, the jeweler announced Thursday.
Bogliolo, 52, is currently CEO of Italian clothing retailer
Diesel, where he has led a program to revitalize the company’s brand and
improve the shopping experience for customers, Tiffany said. He previously
spent 16 years at luxury jeweler Bulgari, including as chief operating officer
and executive vice president for jewelry, watches and accessories.
Tiffany expects Bogliolo to start on October 2, at which point
he will also join the board. His predecessor, Frederic Cumenal, stepped down
abruptly from the role in February, with chairman and former CEO Michael
Kowalski taking over in the interim.
The New York-based jeweler’s sales waned over the past two
years, with 2016 holiday revenues recording a 4% drop. Tiffany’s February
announcement of Cumenal’s departure noted that the board had been disappointed
by recent financial results, and said the company needed to execute its
strategies faster to compete with rivals.
“Today’s announcement concludes the board’s thorough process
to identify and recruit an accomplished leader to position the company for
sustainable growth in the years ahead,” Kowalski said in the Thursday statement.
“Alessandro has a well-deserved reputation for creativity and execution, having
previously led a number of international brands to success and improved
performance.”
Bogliolo vowed to strengthen the company’s position among
the world’s top luxury brands.
“It is my goal to continue to delight our customers with
compelling product offerings, supported by best-in-class operations,” he said.
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Tags:
Alessandro Bogliolo, Bulgari, Diesel, Frederic Cumenal, Michael Kowalski, new york, Rapaport News, Tiffany
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