Tiffany Names Frederic Cumenal President - Quick Facts

(RTTNews) - Luxury jeweler Tiffany & Co. (TIF) said it has appointed Frederic Cumenal as President as well as named him to a newly-created seat on the firm's board. Cumenal, in his new role, would retain his regional responsibilities and would assume responsibility for the Design, Merchandising and Marketing functions. Cumenal would continue reporting directly to Michael Kowalski, chairman and chief executive.

Kowalski said, "Since joining Tiffany in March 2011, from the LVMH Group where he was president and chief executive officer of Moet & Chandon, S.A., Frederic has made important contributions to the operational and strategic development of our business. He has brought a global luxury perspective to our brand management initiatives and, in particular, has led the evolution of our regional organizations to support our continued worldwide expansion."