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Tiffany CEO Kowalski to retire, president Cumenal to take over

Upscale jeweller Tiffany said Michael Kowalski, its CEO of 15 years, would retire next year and President Frederic Cumenal would succeed him.

Kowalski, 62, joined the company in 1983 and became CEO in 1999. He took the additional role of board chairman in 2003.

Cumenal, 54, will take over as CEO from 1 April next year, just over four years after joining Tiffany. He was appointed president and given a newly created seat on the company’s board in September 2013.

(Source: CNBC)