Kendra Scott Steps Down as CEO of Jewelry Brand

RAPAPORT… Kendra Scott has left her position as CEO of her namesake jewelry brand after nearly two decades, and will instead focus on the design and consumer elements of the business.

Scott will continue as executive chairwoman, majority owner, and leader of design, customer experience and philanthropy, the company said Monday. Tom Nolan, president of the company, will succeed her as head of the business.

“Over the last seven years, Tom has been an incredible thought partner to me and a wonderful steward of the brand,” said Scott. “During this extraordinary time of retail transformation, there has been no better person to partner with me on building the brand and the business. Tom is an experienced executive with a relentless focus on the customer, operational rigor, and strong expertise in digital transformation.”

Nolan joined the board of Kendra Scott in 2014, and became chief revenue and marketing officer in 2016. He was promoted to president in 2019. Previously, Nolan held senior roles at Ralph Lauren and Condé Nast, and was the founder and CEO of Prospect Brands.

Kendra Scott has more than 110 standalone stores throughout the US, and is also sold at retail outlets including Neiman Marcus, Nordstrom and Bloomingdale’s, as well as at 600 specialty boutiques around the world.

Image: Kendra Scott speaking in New York City in 2012. (Jhstanley)