Kendra Scott is stepping back in as interim CEO of the company she started.
Departing the company are CEO Tom Nolan, Chief Financial Officer Jason Friesen and Chief People Officer Danielle Stewart, Adweek reports.
“We are grateful for the leadership, expertise, and vision they brought to Kendra Scott,” the company said in a statement to Adweek.
Scott will be joined by Neal Bronzo, a longtime Kendra Scott executive stepping into the combined role of interim CFO and chief operating officer; and Beth Ley, a former Kendra Scott leader who will return as CPO on Sept. 1.
The company stated that it “is entering an exciting new chapter of expansion across channels, categories, and markets” following a a record-breaking year of growth and a private equity investment.
The leadership changes come not long after the Austin-based company received a “significant minority investment” from 65 Equity Partners, a private equity firm. As part of the September transaction, Scott, who already held the majority share in the private company, increased her equity holding.
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Scott has been serving as executive chairwoman of her namesake company. She founded the brand in 2002.
Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson
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