Judy Person has been promoted to executive vice president and president of product divisions and key accounts in a reorganization of executive responsibilities at Randa Accessories.
This story first appeared in the May 15, 2014 issue of WWD. Subscribe Today.
Person, who has been senior vice president of sales at the New York-based firm, continues to report to Jeffrey Spiegel, chief executive officer.
Randa has divided its business into four product categories — belts and furnishings, wallets and seasonal merchandise, neckwear and jewelry, and luggage and travel — and assigned a president to each. The four group presidents will report to Person, as will Al Jarman, named to the new post of senior vice president of key accounts.
Terry Tackett, a 20-year Randa veteran recently named president of Randa’s Swank Inc. division, will serve as president of belts and furnishings, while Ed Turner, formerly senior vice president of Randa leather merchandising, has been appointed president of wallets and seasonal goods, including an expanded assortment of headwear and cold-weather accessories.
John Kammeier, formerly senior vice president of merchandising for Randa neckwear, will become president of the neckwear and jewelry unit, which will include what had previously been the Swank jewelry business. Frank Fenton, previously vice president of sales, becomes president of luggage and travel, which is being expanded to include a broader range of travel-related accessories.
Swank, acquired by Randa in 2012, will cease to be a separate division of Randa, although the company plans to relaunch Swank as a brand name in 2015, according to chief marketing officer David Katz. Previously a senior vice president, Katz has been promoted to executive vice president.
With Swank’s integration into the four product groups, Trafalgar survives as the only separate division of the firm, whose acquisitions in recent years have included Wemco neckwear, Countess Mara and Badanco Enterprises in addition to Swank. Trafalgar’s distribution is focused on luxury retailers.
Katz said that the executive realignment, coupled with recent investments in infrastructure, systems and technology, “help to position the company for growth to $1 billion in sales and beyond that level.” As the largest U.S.-based men’s accessories firm, privately held Randa had sales of about $725 million in the year following the Swank acquisition and has since acknowledged annual volume in excess of $750 million.
“We embrace change and have created a structure to support continued growth and success for not only Randa but also for our retail partners,” said Spiegel.
In addition to its merchandising operations, Randa operates MCG, which provides in-store support to various brands.
Katz said that growth plans following the reorganization will provide for the creation of about 50 new positions within the company, adding to a workforce of more than 4,700 people.
To help foster communication and coordination in areas where a single brand name, whether owned or licensed, stretches across different categories, the company is creating a series of “brand champion” positions.
With the realignment, Spiegel’s direct reports will be Person; Katz; Randy Kennedy, promoted to executive vice president and chief logistics officer; John Hastings, executive vice president and chief financial officer, and Brad Kovaly, executive vice president and chief operating officer with responsibility for Trafalgar and Canada.
Richard Carroll, formerly vice president of marketing, has been promoted to senior vice president of marketing and creative director. He continues to report to Katz.