Retailers’ holiday promotions and a shift in consumer buying habits generates heavy demand for Monday deliveries by FedEx.
Frederic Cumenal will be responsible for the company's businesses in Asia, Japan, Europe and emerging markets.
DUBAI, UAE, March 3, 2011 -- Tiffany & Co. (NYSE: TIF) today announced it has named Frederic Cumenal as Executive Vice President effective March 10, 2011. Mr. Cumenal, 51, 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.
Mr. Cumenal joins Tiffany from the LVMH Group where most recently he was president and chief executive officer of Moet & 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.
Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Japan, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit http://www.tiffany.com or call our shareholder information line at 800-TIF-0110.