Headlines

Tiffany CFO Departs for Another Company After Two-Year Stint

Published

8 years ago

May 18, 2016

INSTORE Staff

His resignation comes in the wake of a down quarter.

After joining Tiffany & Co. as its CFO in 2014, Ralph Nicoletti has resigned from his post, The Wall Street Journal reports. The article says that Nicoletti will leave the luxury jewelry retailer this month to become the finance chief at Newell Brands, the maker of Rubbermaid containers. His resignation comes after a disappointing fourth quarter in which Tiffany’s profit and same-store sales declined.

At Tiffany’s, Nicoletti received total compensation of $2.7 million in 2015, the article adds. His total compensation in 2014 was $5.7 million.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”