Compass Diversified Welcomes Joshua Gaynor as President of Lugano Diamonds
In a strategic move to bolster its leadership team, Compass Diversified (NYSE: CODI), a prominent owner of leading middle-market businesses, is delighted to announce the appointment of Joshua Gaynor as President of Lugano Diamonds & Jewelry Inc., effective from March 4th, 2024. In his new role, Mr. Gaynor is set to collaborate closely with Lugano Diamonds’ CEO and Co-Founder, Moti Ferder, alongside the executive team, to spearhead the company’s day-to-day operations and growth strategies. His focus will be on enhancing sales, marketing, and the overall client experience, as well as managing the exclusive Lugano Privé member club.
Joshua Gaynor is celebrated for his extensive experience in the luxury brand sector, most recently serving as the Managing Director of High Jewelry North America for BVLGARI, where he played a pivotal role in expanding the high jewelry category across the United States and Canada. His previous positions include Vice President of Marketing and Communications for Fendi and Director of Marketing and Communications at Bottega Veneta, where he significantly boosted brand presence and sales through strategic partnerships.
Founded in 2004 by Moti and Idit Ferder, Lugano Diamonds stands out in the diamond and jewelry industry for its exceptional, one-of-a-kind wearable art pieces. The company prides itself on its artisanal craftsmanship, drawing inspiration from the gemstone first to create meticulously designed pieces. With a strong commitment to community and philanthropy, Lugano Diamonds operates salons across prestigious locations, including Newport Beach, Aspen, Palm Beach, Ocala, Houston, Washington, D.C., Greenwich, and an upcoming salon in London, set to open in April 2024.
Moti Ferder, CEO and Co-Founder of Lugano Diamonds, expressed his enthusiasm about Mr. Gaynor’s appointment, highlighting his cross-functional leadership skills and dedication to fostering meaningful client relationships as key assets that align with Lugano’s core values.
Patrick Maciariello, Chair of Lugano’s Board of Directors, praised Mr. Gaynor’s impressive track record in developing and executing growth strategies for iconic consumer brands. He expressed confidence in Mr. Gaynor’s ability to contribute to Lugano’s global expansion while maintaining the brand’s renowned high-touch client experience.
Joshua Gaynor shared his excitement about joining the Lugano team, acknowledging the company’s unique business model and talented team as foundational elements that have established Lugano as a leader in the High Jewelry segment. He looks forward to driving growth and keeping clients at the forefront of Lugano’s operations.
About Lugano Diamonds
Lugano Diamonds & Jewelry Inc., founded by Moti and Idit Ferder in 2004, is renowned for its exquisite, bespoke jewelry pieces that are true works of art. The company’s dedication to craftsmanship, community engagement, and philanthropy underscores its commitment to excellence and social responsibility. For more information, visit luganodiamonds.com.
About Compass Diversified
Since its inception in 1998 and subsequent IPO in 2006, Compass Diversified has successfully managed a diverse portfolio of highly defensible, middle-market businesses across various sectors. With a focus on long-term value creation and cash flow generation, CODI supports its subsidiaries with both debt and equity capital, ensuring their growth and operational flexibility. For more details, please visit compassdiversified.com.
