PANDORA, the Danish jeweller brand with production in Thailand has announced on 9 August that Anders Colding Friis will step down as President and CEO effective at the end of the month. Anders Colding Friis has held the position for three and a half years.
During the Capital Markets Day held on 16 January 2018, Pandora presented its strategic direction towards 2022. The Board remains fully committed to this strategy and recognises the importance of its successful execution. To this end the company will be further strengthening its management team at the same time as a search for a new CEO is underway.
Jeremy Schwartz will be joining as COO effective as of 1 September 2018. Jeremy Schwartz is a former CEO of The Body Shop and has previously held senior positions at several other multinational companies. CFO Anders Boyer, and Jeremy Schwartz, will be jointly responsible for managing Pandora and leading the execution of the strategy.
“The Board recognises the important role Anders Colding Friis has played in leading the Company and in particular in developing and articulating the right new strategy assuring the future success of Pandora. Pending the appointment of a new CEO, I am delighted that we have Anders Boyer and Jeremy Schwartz on board to take the lead,” said Peder Tuborgh, Chairman of the Board of Directors.
The company intends to reinforce its board with further appointees with relevant business experience in major global consumer and/or retail businesses.
Spencer Stuart has been retained to lead the executive search for both a new CEO and candidates for the Board of Directors.
