Tiffany (NYSE: TIF) Names EVP for Overseas Operations
Wednesday, March 02, 2022 3:35 PM

Tiffany & Co. (NYSE: TIF), a holding company that conducts all business through its subsidiary companies, announced it has named Frederic Cumenal as executive vice president effective March 10, 2011.

Mr. Cumenal will be responsible for the company’s businesses in Asia, Japan, Europe and Emerging Markets, and will report to chairman and CEO Michael J. Kowalski. He joins Tiffany from the LVMH Group where most recently he was president and chief executive officer of Moët & Chandon, S.A.

“Frederic brings a wealth of luxury brand experience and a highly developed global perspective that will prove especially important as Tiffany’s growth continues outside of the Americas,” said Mr. Kowalski.

As executive vice president, Mr. Cumenal will succeed James E. Quinn, whose retirement in early 2012 was previously announced.

During the November and December holiday period, Tiffany's net worldwide sales rose 11 percent, led by a 23 percent gain in Asia and a 13 percent increase in Europe.

The shares of Tiffany & Co. (NYSE: TIF) are trading at $ 60.84, up 0.91 percent.