RAPAPORT… Online diamond retailer Blue Nile has appointed former
Tiffany & Co. CEO Frédéric Cumenal to its board of directors.
Cumenal (pictured) left Tiffany in February, having been in the top
job since April 2015. He was previously the New York-based jeweler’s president
and had served on its board.
“Frédéric’s global experience in our dynamic industry,
and deep understanding of the consumer and the market, will be extremely
valuable to Blue Nile,” said Blue Nile CEO Jason Goldberger. “We will have
the benefit of his extensive experience and strategic counsel as we continually
expand and improve our e-commerce platform to grow and reach more consumers.”
An investor group comprising Bain Capital Private Equity,
Bow Street and Adama Partners acquired Blue Nile in February for $500
million.
Image: Jason Schmidt
Ex-Tiffany Boss Joins Blue Nile Board
The Bottom Line
- Blue Nile appointed ex-Tiffany & Co. CEO Frédéric Cumenal to its board of directors.
- Cumenal led Tiffany from April 2015 until February 2020 and previously served as its president and board member.
- Blue Nile plans to use Cumenal’s experience to enhance its e-commerce platform and expand consumer reach following its $500 million acquisition by private equity investors.
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