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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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You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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