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Tiffany Taps Stephane Lafay

He will be named group vice president of the Asia Pacific region and retain his title of president in Japan.

Tiffany & Co. has tapped Stephane Lafay to the newly created position of group vice president of its Asia- Pacific region.

Lafay, who joined the New York-based jeweler in 2009 as president of Tiffany Japan, will retain his title of president there.

According to Tiffany, a search is under way for a managing director of Japan, a post that will report to Lafay.

The company also added this morning that it would continue to report financial results for Japan and Asia-Pacific separately.