TOP SPOT: Scott Kay has appointed jewelry industry veteran Michael Benavente president. Benavente most recently served as Americas managing director of Gucci’s watch and jewelry division for more than a decade. His official start date is Tuesday. In his new role, Benavente will report to Jonathan Goldman, chairman and chief executive officer of Frederick Goldman Inc., which has operated the Scott Kay brand as a subsidiary since February. Goldman acquired the jewelry brand, previously its rival, in the aftermath of Kay’s death in December.
“Michael has proven success and a solid background in building strong luxury brands, expanding profitable distribution and assembling interdisciplinary teams,” Goldman said of Benavente.