NEW YORK — Paul Blum, David Yurman’s chief executive officer, is stepping down.
This story first appeared in the June 25, 2010 issue of WWD. Subscribe Today.
Blum, who joined the jewelry and timepiece firm in February 2006, will remain in his role until a successor is named and become a member of its board.
“Paul joined us four-and-a-half years ago and has succeeded in building an efficient organization that has helped us grow our business even through some fairly difficult times,” David Yurman, who serves as the company’s chairman, said. “While we are sorry to see Paul go, we are pleased to know he will continue to retain a voice within our company as a board member and we fully support him in his decision and in his future endeavors.”
Prior to taking over the ceo role from the namesake designer, Blum had been president of Kenneth Cole. At Yurman, he is credited with transitioning the company from a largely wholesale-based operation to a multichannel business that has wholesale, freestanding retail and e-commerce. Blum also implemented a strong management structure at Yurman.
During his tenure, the company inked and launched a fragrance with Groupe Clarins, unveiled a 1,000-square-foot flagship on Rodeo Drive and started to aggressively expand internationally, opening four shops in Asia last year and entering Russia with an in-store boutique at Moscow’s Tsum. In March, the New York-based brand arrived in Paris with a 400-square-foot shop at Printemps. In late April, Yurman, who recently celebrated his 30th anniversary in business, also opened a multimillion-dollar flagship in a town house on Madison Avenue at 63rd Street here, representing the brand’s biggest single retail investment. The flagship has 2,000 square feet of selling space over three floors, with the fourth and fifth floors devoted to back-office operations.
The company has begun to seek out a successor, and retained an outside firm to conduct the search.