Ippolita has promoted Joe Cavalcante to chief executive officer of the fine jewelry brand, which marked its 10th anniversary last year.
Cavalcante, who joined the company in 2005 and became president in 2007, previously held positions at ING Barings (now ABN Amro) in mergers and acquisitions, as well as at the U.S. subsidiary of the Japanese trading company Itochu.
“We considered many extraordinary candidates during the search for our new ceo but Joe’s qualifications and contributions to the company ultimately made him an ideal candidate for the role,” said Brian Knez, Ippolita’s chairman and founding partner of private equity group Castanea Partners, the brand’s main investor. “He’s a smart, independent thinker who’s passionate about the brand and has played a significant role in the company’s growth.”
Under Cavalcante, Ippolita has increased distribution to include department stores such as Bergdorf Goodman, Bloomingdale’s, Neiman Marcus, Nordstrom and Saks Fifth Avenue.