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Pandora Exec Steps Down After Eight Months

Apr 3, 2019 7:51 AM   By Rapaport News
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 Jeremy Schwartz will leave his position as chief operating officer of Pandora after less than a year in the role, the jewelry retailer said Tuesday.

Schwartz joined Pandora in September, after its CEO, Anders Colding Friis, resigned. Since then, he has been jointly managing the company with chief financial officer Anders Boyer. Alexander Lacik, whom Pandora hired as CEO in February, is due to assume control of the company when he joins in the near future.

Schwartz, who is a former CEO of The Body Shop, therefore reached a mutual agreement with Pandora that he would leave the company, effective immediately.

“I have sympathy for Jeremy’s decision, considering the overlap of competencies between him and Alexander Lacik,” said Pandora chairman Peder Tuborgh. “I would like to thank Jeremy for his significant contributions to Pandora. Together with Boyer, he has been instrumental in driving the diagnosis phase of Programme Now [a streamlining and cost-reduction initiative] and he is leaving a clear road map to execute on.”

Schwartz will continue to act as an adviser to Pandora and Lacik in the short term, Pandora said.

Image: Jeremy Schwartz. (Jeremy Schwartz/LinkedIn)
Tags: Alexander Lacik, Anders Boyer, Anders Colding Friis, Jeremy Schwartz, Pandora, Peder Tuborgh, Programme Now, Rapaport News, The Body Shop
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