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Tiffany CFO Departs for Another Company After Two-Year Stint

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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.

Read more at The Wall Street Journal

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