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Pandora Chairman Quits Amid Reshuffle
Mar 14, 2019 5:35 AM
By Rapaport News
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RAPAPORT...  Pandora chairman Peder Tuborgh is set to leave the Danish
jewelry maker. This comes just one month after the company appointed veteran
consumer-brand executive Alexander Lacik as its new CEO.
These significant leadership changes form part of the
company’s strategic initiative to combat disappointing sales figures, a
sluggish retail market, and problems with its new jewelry lines.
In 2018, Pandora’s total revenue stagnated at DKK 22.81
billion ($3.49 billion), with profit falling 13% to DKK 5.05 billion ($772.5
million).
Tuborgh will ask the company’s nomination committee to begin
preparations to appoint a new chairman, the jeweler said.
Image: Peder Tuborgh. (Niels Åge Skovbo)
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Tags:
Alexander Lacik, Denmark, Jewelry, Pandora, Peder Tuborgh, Rapaport News, retail
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