Tiffany & Co. CEO Michael J. Kowalski To Retire

Tiffany & Co. announced its long-standing CEO, Michael J. Kowalski, will retire from the company effective March 31, 2015. Kowalski, who has been a member of the company’s Board of Directors since 1995, will continue to serve on the Board, in the role of non-Executive chairman. TFrederic Cumenal, currently the company’s president, will succeed Kowalski as chief executive effective April 1, 2015. Kowalski joined Tiffany in 1983, became CEO in 1999 and assumed the role of chairman of the Board in 2003.

Cumenal joined Tiffany in 2011 as executive vice president with responsibilities for worldwide sales and distribution. In 2013, his responsibilities were expanded to include the design, merchandising and marketing functions, and he was promoted to president and appointed to Tiffany’s Board of Directors.