Connect with us

Headlines

Tiffany CFO Departs for Another Company After Two-Year Stint

mm

Published

on

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

Advertisement

Advertisement

SPONSORED VIDEO

Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

Promoted Headlines

Most Popular