November 25, 2020

Tiffany & Co. Appoints Alessandro Bogliolo Chief Executive Officer

Tiffany & Co.’s shares rose 0.9 percent in early trading today after the company revealed it has named Alessandro Bogliolo chief executive officer.
Shares of Tiffany were trading up to $93.27 at 10:07 a.m. in New York Stock Exchange trading.
Bogliolo, 52, joins the firm from Diesel, where he has served as ceo since 2013. He is a veteran of the luxury jewelry sector, previously spending 16 years at Bulgari, where he worked as chief operating officer and executive vice president for jewelry, watches and accessories.
It is expected that Bogliolo will begin his role by October 2. In a statement, Tiffany noted that he will also join its board of directors.
Bogliolo arrives at an American jewelry house in flux – currently helmed by chairman and interim ceo Michael J. Kowalski, who stepped into the temporary role in February upon the ouster of then-ceo Frederic Cumenal, who had served in the position for less than two years. Kowalski was Cumenal’s predecessor as ceo.
In a statement issued by Tiffany, Kowalski spoke of the five-month search process for Cumenal’s replacement: “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.

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