This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tiffany Names Ralph Nicoletti As Chief Financial Officer; Jim Fernandez, Tiffany’s Veteran COO And CFO, To Retire

Tiffany & Co. (NYSE:TIF) today announced that Ralph Nicoletti will become its next executive vice president and chief financial officer. His appointment to those offices will become effective on April 2, 2014.

The Company also announced the intention of James N. Fernandez, chief operating officer and chief financial officer, to retire in July.

Mr. Nicoletti, 56, will be based in New York and responsible for the Company’s worldwide financial functions and information technology. He will report to Michael J. Kowalski, chairman and chief executive officer.

Mr. Nicoletti joins Tiffany from CIGNA, the global health services and insurance company, where he was executive vice president and chief financial officer. Prior to that, he was executive vice president and chief financial officer at Alberto Culver and held various financial management positions at Kraft Foods.

“We have made key management additions to our organization in recent years,” said Mr. Kowalski. “Our first-class finance and IT functions and Ralph’s leadership experience and global perspective will be valuable to Tiffany’s continued worldwide expansion.”

Mr. Fernandez has been chief financial officer since the resignation of the previous chief financial officer last November and had also served as chief financial officer from 1989 to 2011. Mr. Fernandez, 58, a 30-year veteran of Tiffany, has been Tiffany’s chief operating officer since 2011. Upon his retirement, the title of chief operating officer will be eliminated and, instead, Tiffany’s senior vice president of global operations and customer service and the senior vice president of manufacturing, diamonds and gemstones will report directly to Mr. Kowalski.

Mr. Kowalski added, “Jim Fernandez has made enormous contributions to Tiffany’s financial success and global expansion over the past three decades. In addition to his extraordinary leadership of the financial and information technology organizations at Tiffany, Jim also played a critical role in building a world-class distribution, manufacturing, and diamond-sourcing infrastructure. I, along with all my Tiffany colleagues, will be forever grateful for Jim’s immense contributions to the Company’s success, his always wise counsel, and his enduring friendship.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs