Editor’s Note
Tiffany & Co. has appointed David Ponzo as Deputy CEO, a new role with an expanded mandate to lead the jeweler’s global commercial strategy. This move follows the departure of former Chief Commercial Officer Gavin Haig last year.
The New York-based jeweler, owned by the LVMH group, is strengthening its leadership with the arrival of David Ponzo. He inherits an expanded scope to steer the global commercial strategy of the House.
Tiffany & Co. has formalized the appointment of David Ponzo to the position of Deputy CEO. He will take over the responsibilities of the former Chief Commercial Officer, Gavin Haig, who left his position last year, within a newly expanded role.
In his new role, David Ponzo will be responsible for defining Tiffany & Co.’s strategic priorities through its global commercial organization, for both retail and corporate activities. He will oversee all geographic regions and the commercial functions of the jeweler.
Beyond the commercial aspect, David Ponzo takes responsibility for the Jewelry and High Jewelry division. He will also lead a new function dedicated to strategic commercial development, aimed at accelerating the long-term growth of the House.
David Ponzo joins Tiffany & Co. after a notable career at Louis Vuitton, where he held the position of Global Commercial Director for five years. Prior to that, he led Louis Vuitton Japan as CEO, after holding senior responsibilities within the Swatch Group and for the Omega brand.
His departure from Louis Vuitton triggers a game of musical chairs within Bernard Arnault’s group. Hugues Bonnet-Masimbert, current CEO of Rimowa, will succeed him as Commercial Director of Louis Vuitton from March 1st. He will oversee geographic regions, international retail departments, and customer experience. The name of his successor at Rimowa has not yet been announced.
In parallel, Tiffany & Co. announced the promotion of Thierry Vasseur to the position of Executive Vice President of Jewelry, High Jewelry, as well as Home and Accessories. This expanded role now entrusts him with the supervision of product marketing and merchandising strategies, thereby consolidating the creative and commercial organization of the famous Fifth Avenue House.