Tiffany & Co. senior vice president for strategy and business development, Jean-Marc Bellaiche, plans to leave the firm.
Bellaiche joined the American jeweler in 2014 to oversee the business of the brand’s non-jewelry categories, including watches, leather goods, eyewear and fragrances.
According to a Securities and Exchange Commission filing issued late this afternoon, Bellaiche is to officially end his role on March 31. It detailed that Tiffany does not intend to fill the role once it is vacant as, “in the interest of further aligning [Tiffany] non-jewelry categories with its core product category, the individuals responsible for such non-jewelry initiatives will report directly to other members of [Tiffany] management.”
Starting Jan. 31, until the conclusion of his work with the firm, “Bellaiche’s primary role will be to assist in transitioning his responsibilities to these individuals, and he will no longer have the duties and responsibilities of his current position,” noted the filing. A spokesman for Tiffany declined to comment further about Bellaiche’s departure, or future reporting channels at the retailer.
Prior to Tiffany, Bellaiche spent more than two decades at the Boston Consulting Group, lastly serving as the firm’s senior partner and managing director for luxury, fashion and beauty.
Bellaiche was installed at Tiffany under former chairman and chief executive officer Michael Kowalski. Upon Kowalski stepping aside as ceo — although he continued to serve as chairman — Bellaiche remained at the firm throughout the two-year tenure of Kowalski’s successor as ceo, Frederic Cumenal.
Cumenal exited the firm in February, with Kowalski again stepping in as interim ceo. Former Diesel ceo Alessandro Bogliolo assumed the role of ceo in October — working in tandem with chief artistic officer Reed Krakoff to streamline Tiffany’s assortment and reclaim the jeweler’s resonance as a pillar in American luxury. Kowalski retired as chairman in October, when Roger Farah succeeded him.
In previous years, Bellaiche’s categories were developed by a creative team separate from those who designed Tiffany jewelry. Krakoff, however, has assumed a holistic oversight of all of Tiffany’s product offerings — including those that had fallen under Bellaiche’s business jurisdiction.
In November, Krakoff provided a preview of his first designs for Tiffany — not with jewelry, but with leather goods and home accessories.