Tiffany & Co. Chief Financial Officer Ralph Nicoletti told the jeweler he intends to resign from the post this month to accept a "similar position at another company," according to a regulatory filing Friday.

The move is effective May 20.

Mr. Nicoletti joined the company in 2014, after veteran Tiffany executive James N. Fernandez had announced his retirement that March. Before Tiffany, Mr. Nicoletti had served as CFO at health insurer Cigna Corp.

Tiffany said it was searching for a successor.

Tiffany's profit and comparable-store sales declined in the fourth quarter, the luxury jewelry retailer said in March, weighed by the strong dollar and uncertain economic and stock-market conditions.

The company is expected to report fiscal first-quarter results May 25.

Shares of the company were inactive in premarket trading. The stock closed at $66.37 on Thursday, down 13% so far this year.

Write to Joshua Jamerson at joshua.jamerson@wsj.com

(END) Dow Jones Newswires

May 13, 2016 07:35 ET (11:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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