Other professional commitments sparks search for his successor.
Pandora has announced that Marcello Bottoli will stand down as chairman of the board, due to other professional commitments, as soon as a suitable successor can be found.
Bottoli commented: “It has been a great honour to be a board member, interim CEO, and chairman of Pandora, and part of creating the platform for the success we have had in 2013.”
“However, I have now started a new entrepreneurial project which will negatively impact my ability to dedicate the appropriate amount of time to the company. Therefore, after leading the search to find my successor I will, regretfully, stand down as chairman of Pandora,” he added.
Bottoli, deputy chairman Christian Frigast and the nominations committee will now initiate and lead the search for a new chairman of the board.