Tiffany builds up executive management team with new finance chief

NEW YORK, NY - JANUARY 12:  A flag for a Tiffany & Co. store hangs along Wall Street in Manhattan on January 12, 2015 in New York City. Shares in the luxury jewelry chain fell on news of weaker than expected holiday sales. Sales in November and December dropped 1 percent to $1.02 billion worldwide.  (Photo by Spencer Platt/Getty Images)

Tiffany has appointed Mark Erceg as its new executive vice president and chief financial officer and he will be responsible for the company’s worldwide financial, indirect procurement and information technology function.

The appointment follows the departure of the previous CFO in May, who left to pursue a position elsewhere. Mr Erceg, 47, will be based in New York and will report to Frederic Cumenal, chief executive officer. His appointment will become effective on October 18, 2016.

Previously, Mr. Erceg has been employed at Canadian Pacific Railway Limited, where he has served as executive VP and CFO since May 2015. From 2010 – 2015, he was the CFO for Masonite International Corporation. He began his career at The Procter & Gamble Company in 1992 where, over 18 years, he served in positions of increasing responsibility in finance, market strategy, customer response, general management and global investor relations.

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Mr Cumenal said: “Mark brings an operational process orientation and a broad financial, international and consumer brands background to Tiffany.”

He added: “As the new leader of our multi-talented finance, procurement and information technology organisations, his varied experience and global perspective will be important as we continue to work toward strengthening Tiffany’s luxury brand position around the world and enhancing our profitability and productivity.”

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