John Hardy USA president and chief executive officer Terri Eagle has stepped down, a move that has been anticipated by industry insiders.
A player in the jewelry industry, the Bali, Indonesia-based company has been through several recent changes. The biggest came in June when founder John Hardy sold his stake to then-company president Damien Dernoncourt, creative director Guy Bedarida and private equity group 3i. Hardy had been a central part of the brand, not only as designer, but by appearing in the advertising campaigns and playing host at his Bali compound for his staff.
In a statement, Eagle said: "I am happy to have contributed to the growth of the John Hardy brand in the U.S. and, as I leave to pursue new opportunities, I am confident of the company's ability to build on the foundation we have laid together."
Eagle had been USA president since June 2005. She previously worked at rival jeweler David Yurman, where she headed retail operations and was known in the industry as David Yurman's right-hand woman.
At John Hardy, Eagle helped change the direction of the brand. Her most prominent move was in the advertising effort. She hired Radical.Media, the agency behind Apple's iPod campaign, to create a stable of still life composition shots, which were meant to highlight the jewelry, which is ethnically inspired.
Dernoncourt, now the firm's group ceo, will be the interim U.S. president and ceo, pending the selection of Eagle's successor. Dernoncourt has been with the 19-year-old firm since 2003.
He praised Eagle "for her contribution to our dynamic growth in the United States. The company will continue to focus on building our retail partners' business throughout the country.''
John Hardy is carried by retailers such as Bloomingdale's, Bailey, Banks & Biddle and independent jewelers.