Tiffany Announces Senior Executive Shifts

Tiffany & Co. is shifting and expanding responsibilities for two executive vice presidents, Beth Canavan and Frederic Cumenal.

Cumenal—who joined Tiffany in March 2011 and has has been responsible for Tiffany’s businesses in Asia, Japan, Europe, and emerging markets—will expand his role to assume responsibility for all of Tiffany’s worldwide sales activities.

Canavan, who joined Tiffany in 1987 and has headed the Americas region in recent years, will now report to Cumenal, and will focus on the “high-end statement” end of the business.

“As we pursue the significant growth opportunities ahead of us, it is now an appropriate time to unify the leadership of our global sales effort,” chairman and CEO Michael Kowalski said in a statement. “Since joining us last year, Frederic Cumenal has done remarkable work to unite our sales efforts outside the Americas, which represent more than half of our worldwide sales. I believe Frederic is exceptionally well-suited to now integrate and lead Tiffany’s global sales activities.”

Kowalski also stated that he is “equally excited that Beth Canavan has agreed to assume leadership of a new initiative in 2013, transitioning from her current responsibilities into a role that will focus on the continued growth of our high-end statement jewelry business through the development of a specialized selling organization.”