Pandora A/S is experiencing some shifts in leadership lately, with a recent announcement that Scott Burger, president of Pandora Americas for the last five and a half years, will step down in February.
Burger was named head of Pandora’s Americas market—which includes the United States, the Caribbean and Latin America—in August 2012. Previous to that, he served as the company’s chief financial officer for a year and about four years as its chief operating officer. Pandora announced that Burger would be stepping down next month to “dedicate himself to new endeavors”. No other details were given.
Pandora CEO Anders Colding Friis will oversee the region while the company looks for Burger’s replacement, which they expect to name sometime in the second quarter.
The notice of Burger’s departure came as a final paragraph at the end of a larger company announcement about the resignation of Pandora Chief Financial Officer Peter Vekslund, who will leave the company after four years. Taking over the reins for Vekslund will be Board member Anders Boyer, 47, who will officially take over as CFO later this year.
Pandora is scheduled to release its annual report on Feb. 6. Ahead of that, the company reported preliminary results for 2017 in a separate announcement, announcing a
12 percent year-over-year increase (global sales totaled $3.71 billion), but lower than the bead brand forecasted to be for the year.
CEO Friis said it was a “challenging” year for Pandora due to in part to the “difficult” retail climate in the U.S.
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
