Anders Colding Friis to succeed Allan Leighton’s role in early 2015.
Pandora has today announced Anders Colding Friis as its new chief executive, with Allan Leighton set to step down from the role in spring 2015.
A statement from the Danish brand said Colding Friis will commence as CEO in March 2015. Allan Leighton, who has been Pandora chief executive officer since April 2013, has been recommended to become co-deputy chairman.
The board of directors has also recommended Peder Tuborgh, subject to approval at its extraordinary general meeting to be held in October 2014, to succeed current chairman of the board of directors Marcello Bottoli, who, as previously announced, will be stepping down in 2014 due to other professional commitments.
At present Anders Colding Friis is CEO of Scandinavian Tobacco Group. Allan Leighton will step down from his role as CEO after reporting Pandora’s full-year results for 2014.
51-year-old Colding Friis holds a M.Sc. (Business Administration) from Copenhagen Business School. He has been Group CEO of Scandinavian Tobacco Group since 2006, the world’s largest manufacturer of cigars and pipe tobacco. He is also chairman of Monberg & Thorsen, deputy chairman of IC Company, board member at Topdanmark and Confederation of Danish Industry.
Pandora chief executive Allan Leighton said: "I am delighted that Anders Colding Friis is joining the company as the new CEO. In Anders we have found exactly that rare combination of strong leadership skills and thorough business understanding we have been looking for to take the company to the next stage. I really look forward to work together with Peder and Anders."
Anders Colding Friis said: "Pandora is establishing itself as a great brand, with a huge amount of opportunity both in core and emerging markets. I am really looking forward to work with all the Pandora teams worldwide to fulfil this opportunity, by continuing to focus on products, partners and customers."
The brand has also recommended that Peder Tuborgh, CEO of Arla Foods amba, is to be elected to join Pandora’s board of directors. If elected at the extraordinary general meeting, Peder Tuborgh will become chairman of the board of directors.
Marcello Bottoli, chairman of the board of directors said: "A managed succession at the top of the company, at a time when its performance and opportunities have never been stronger, has been a key objective for the board. I am delighted with the result and to have been an active part of this. I wish Anders and Peder the best of luck in their new roles at our company."
Tuborgh described it as a great honour and opportunity to be elected as potential chairman of Pandora, adding "The performance of the Company has been tremendous, and I look forward to leading the board into the next horizon of Pandora growth."