Tiffany & Co. CEO Michael Kowalski to Retire; Successor Named

Tiffany & Co. announced Monday that its longtime chief executive officer, Michael J. Kowalski, will retire effective March 31, 2015. Kowalski, who is also a member of Tiffany's board of directors, will continue to serve on the board in the role of non-executive chairman. Frederic Cumenal, president of the international luxury jewelry retailer, has been named to be the next CEO. Kowalski, 62, joined Tiffany in 1983, became its CEO in 1999, and assumed the role of chairman of the board in 2003.