In the meantime, former CEO Michael J. Kowalski will serve as interim CEO in addition to his role as chairman of the board.
Kowalski will also keep his chairman responsibilities, Tiffany & Co said.
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You must know your risks for heart disease-family history, high blood pressure , smoking, high cholesterol, diabetes and obesity. Cardiovascular disease claimed the lives of almost 500,000 American women each year, yet women were not paying attention.
On Feb. 5, Tiffany announced the immediate departure of its CEO Frederic Cumenal after less than two years in the role. The company at that time said its holiday season results were lower than expected, hurt by declines in Europe and the Americas as well as security-related disruptions at its NY flagship store next to Trump Tower.
In a statement issued yesterday, Kowalski thanked Cumenal for enhancing the management team and positioning the retailer for the long term. "The board believes that accelerating execution of [our current core business] strategies is necessary to compete more effectively in today's global luxury market and improve performance".
United Kingdom services PMI falls for first time in four months - Markit
It therefore covers about half the economy, whereas official data on services published with more of a lag covers nearly 80%. Output prices also continued to rise with the rate of increase unchanged from December's 68-month high.
The company said Sunday it expects to report on March 17 before the market opens its fourth quarter and full 2016 fiscal year results, and also provide expectations for the 2017 fiscal year. Gap's (GPS) struggling Banana Republic brand saw the ouster of its president earlier this year after disappointing holiday sales, and Macy's (M) is said to be considering strategic alternatives - including a possible sale to Canadian department-store owner Hudson's Bay.
Cumenal's resignation comes weeks after the company reported that sales at its iconic Fifth Avenue store in New York City dropped 14% during the holiday season, compared to a year ago.
Trump's Russia-US Comparison Rejected by Democrats and Republicans
Trump and Putin spoke on the phone last Saturday, and the two discussed cooperation in the fight against ISIS, among other areas. The change allows companies to deal with Russia's security service, which licenses such exports under Russian law.
A diamond may last forever, but many a CEO's days are numbered.