Exec vice-president wins new role after two years with brand.
Tiffany & Co. executive vice president Frederic Cumenal has been promoted to the role of company president, with a seat on the Tiffany board.
Cumenal joined the US jewellery brand in 2011 from LVMH. He will retain his regional responsibilities as president, and will also oversee Tiffany & Co.’s design, merchandising and marketing functions.
Tiffany chairman and chief executive Michael J. Kowalski said: "Since joining Tiffany in March 2011, from the LVMH Group where he was president and chief executive officer of Moet & Chandon, S.A., 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."
Fifty-four-year-old Cumenal will continue to report directly to Kowalski, who added: "I look forward to continuing to work with Frederic in the coming years as Tiffany pursues important growth opportunities."
Cumenal’s promotion follows the appointment of Francesca Amfitheatrof as Tiffany design director earlier this month.