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RAPAPORT... Tiffany & Co.'s board of directors appointed Frederic Cumenal (pictured) as the retailer's president and to a newly created seat on the board.  Prior to this appointment, Cumenal, 54, was the executive vice president of Tiffany & Co. He will retain his regional responsibilities, while assuming responsibility for the design, merchandising and marketing functions.
Michael J. Kowalski, the chairman and CEO of Tiffany & Co., said, "Since joining Tiffany in March 2011, from the LVMH Group, where he was president and chief executive officer of Moet & Chandon, Frederic has made important contributions to the operational and strategic development of our business. He has brought a global luxury perspective to our brand management initiatives and, in particular, has led the evolution of our regional organizations to support our continued worldwide expansion."
Cumenal will continue to report directly to Kowalski.
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