Pandora Chairman Quits Amid Reshuffle

RAPAPORT... Pandora chairman Peder Tuborgh is set to leave the Danishjewelry maker. This comes just one month after the company appointed veteranconsumer-brand executive Alexander Lacik as its new CEO. These significant leadership changes form part of thecompany's strategic initiative to combat disappointing sales figures, asluggish retail market, and problems with its new jewelry lines. In 2018, Pandora's total revenue stagnated at DKK 22.81billion ($3.49 billion), with profit falling 13% to DKK 5.05 billion ($772.5million). Tuborgh will ask the company's nomination committee to beginpreparations to appoint a new chairman, the jeweler said.Image: Peder Tuborgh. (Niels ?...ge Skovbo)