Tiffany Names New Chairman

He starts the role on Oct. 2.

(Press Release) NEW YORK — Tiffany & Co. announced that its board of directors has elected Roger Farah as chairman, effective Oct. 2.

Farah, 64, joined the Tiffany (NYSE: TIF) board in March 2017. He has served in leadership roles at Ralph Lauren Corp., Venator Group Inc., R.H. Macy & Co. Inc. and Federated Merchandising Services.

Michael J. Kowalski, chairman since 2002, joined the board in 1995 and will remain a director. In addition, Kowalski, CEO from 1999 until his retirement effective March 2015, and interim CEO since February 2017, will relinquish that title when Tiffany’s newly appointed CEO, Alessandro Bogliolo, joins the company in October.

Kowalski said, “Roger has significant experience as a leader in the luxury retail industry, and I and my fellow directors value tremendously his expertise and insight which have been apparent during his time on the board. With the appointment of Alessandro as our new CEO, and under Roger’s leadership on the board, I believe we are well positioned to execute on strategies to drive comparable store sales growth and stronger earnings growth in the longer term.”