Tiffany to Hire Outsider for New Brand Role

RAPAPORT... Tiffany & Co. plans to create a new role of chief brand officer to replace its current head of merchandising.  The recruit, who will come from outside the company and will also be an executive vice president, will take over from Pamela Cloud, the jeweler's senior vice presidentand chief merchandising officer. The new role will combine Tiffany's marketing and merchandising efforts, the retailer noted Monday in a Securities Exchange Commission filing. Until the newposition is filled, the company's senior merchandising officers will reportdirectly to Tiffany CEO Alessandro Bogliolo. Cloud, who has been with the company since 1994, will end her tenure as an executive officer withthe jeweler on November 26. She will continue at Tiffany until July 31 to help the transition, provide advice, and work on aproject-by-project basis. Image: A Tiffany store in New York. (Shutterstock)