NEW YORK — Terri Eagle, David Yurman’s chief operating officer, resigned from the company on Thursday.
Reports have Eagle heading to rival John Hardy as president and chief executive officer. A spokesman for John Hardy declined to comment. Eagle could not be reached.
“Terri Eagle was with the company for seven years and it was the appropriate time for her to make a change and we wish her the very best,” Yurman said.
The company has not named a successor.
Since her promotion from executive vice president of the company in March 2004, Eagle has spearheaded Yurman’s retail division, which has five stores, one of which operates as a boutique inside London Jewelers in Manhasset, N.Y.
Yurman’s overall sales are estimated to be upward of $500 million, which includes the wholesale and retail parts of the business.
Eagle told WWD in May that the stores have exceeded sales projections by 20 percent, while Yurman is continuing an aggressive expansion plan. Eagle said at the time that Yurman has plans to open 15 more stores in the U.S. by 2007, with its sights on Chicago, Beverly Hills and Hawaii. David Yurman said recently that he plans to open stores in Europe and Asia as well, but Las Vegas will be the next step.
“She’s got a marvelous background and good reputation,” said Robert Kerson, who runs the executive search firm bearing his name and isn’t associated with Eagle, David Yurman or John Hardy. “I’m sure it’s a significant loss for the company.”