WASHINGTON (dpa-AFX) - Luxury jeweler Tiffany & Co. (TIF) Monday said it has appointed its current President Frederic Cumenal as its new Chief Executive, effective April 1, 2015. He will be succeeding Michael Kowalski, who will retire, effective March 31, 2015. Kowalski will continue to serve on the board, in the role of non-Executive chairman.
Cumenal joined Tiffany in 2011 as executive vice president and was responsible for worldwide sales and distribution. In 2013, his responsibilities were expanded to include the design, merchandising and marketing functions, and he was promoted to president and appointed to Tiffany's Board of Directors.
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