Dive Summary:
- Upscale brand Tiffany & Co. has announced that its current CFO will resign from the company following the release of third quarter sales earnings, reports Fox Business.
- Tiffany & Co. says executive Patrick McGuiness will resign his current position with the company to seek other employment beginning Nov. 27.
- Current chief operating officer James Fernandez will take over the role of CFO for Tiffany & Co. while the specialty retailer seeks a replacement.
Dive Insight:
Fernandez is a long-time Tiffany & Co. veteran with experience in executive-level financial leadership. He served as CFO for Tiffany & Co. beginning in 1989 and ending when he was named COO for the company in June 2011.
