Tiffany Names Mark Erceg CFO
September 13 2016 - 8:10AM
Dow Jones News
Tiffany & Co. on Tuesday said it named former Canadian
Pacific Railway Ltd. executive Mark Erceg as the luxury jewelry
retailer's next chief financial officer.
Mr. Erceg last week stepped down as chief financial officer of
Canadian Pacific after 16 months with the railroad operator.
Tiffany said Mr. Erceg, who will join the company next month,
succeeds Ralph Nicoletti, who left in May to become CFO at
consumer-goods company Newell Brands Inc.
Mr. Erceg has also served as CFO of doormaker Masonite
International Corp. and worked for 18 years at Procter & Gamble
Co.
"Mark brings an operational process orientation and a broad
financial, international and consumer brands background to
Tiffany," Chief Executive Frederic Cumenal said.
Tiffany last month said same-store sales fell 8% in its fiscal
second-quarter, extending a string of declines. Tiffany is heavily
dependent on foreign tourists, who have been buying less because of
the strong dollar.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
September 13, 2016 07:55 ET (11:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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