Two high-profile jewelry companies are doing the executive shuffle.
John Hardy has appointed Estee Lauder executive Mindy Grimes as president of John Hardy U.S., and Terri Eagle, who until recently was president and chief executive officer of John Hardy USA, has been named president and chief executive officer of Garrard and Stephen Webster, which are both owned by a newly formed holding company related to Ron Burkle’s Yucaipa Cos.
John Hardy, a native of Canada who founded the namesake Bali, Indonesia-based jewelry company 19 years ago, surprised the industry when he left the company in last June, selling his stake to then-company president Damien Dernoncourt, creative director Guy Bedarida and private equity group 3i. Eagle stepped down from Hardy in January.
Grimes, who begins next month and will report to Hardy ceo Dernoncourt, was most recently senior vice president and national sales manager for Estee Lauder Cos., leading the La Mer and Jo Malone brands. Hardy has 550 points of sale, with Neiman Marcus and Saks Fifth Avenue as two of its largest accounts.
Last June, Yucaipa Cos. acquired a stake in British jeweler Stephen Webster with the aim of growing its retail network and expanding product lines. Burkle, a billionaire supermarket magnate who is the founder and managing partner of Yucaipa, also owns British fine jeweler Garrard. Yucaipa has set up an unnamed holding company for Garrard Holdings Ltd. and Stephen Webster Ltd. Eagle will report to the holding company board.
Eagle, who begins her new role on Monday, was president and ceo of John Hardy USA from 2005. Prior to that, she was at David Yurman from 1998 to 2005, finally leaving as chief operating officer of the powerhouse jewelry brand.
Singer Christina Aguilera and her husband, Jordan Bratman, who are friends of Webster, are also said to have a stake in the Webster’s firm. Aguilera stars in the company’s new ad campaign for its silver line that bowed this spring.
Webster has standalone boutiques in London, Moscow and Hong Kong, as well as distribution in Neiman Marcus and independent jewelry stores.