Pandora Searches for New Americas Chief

Pandora chief financial officer Peter Vekslund as well as president of Americas Scott Burger are leaving this company, Pandora Black Friday  the Danish jeweler reported last week.

Anders Boyer, a member of Pandora’s aboard of directors since 2012 and the CFO of Hempel, will change Vekslund, a four-year veteran in the company, in the coming several weeks.

“Pandora is a fantastic growth story and is known for a very strong brand. I am looking towards get[ting] a more operational role in Pandora and work[ing] with the entire team to achieve the huge opportunities Pandora offers across geographies and products, ” reported Boyer.

Burger is stepping down in February after A decade's with the jeweler to do new endeavors. CEO Anders Colding Friis will administer on the role of interim president until the organization finds a replacement.

Pandora’s income increased 12% year on yr to $3. 74 billion (DKK 23. 8 billion) in 2017, the organization reported last week. Though the sum was higher than the prior year, it fell short belonging to the company’s original predicted revenue associated with $3. 78 billion to $3. 94 thousand (DKK 23 billion to TWENTY-FOUR billion).

“2017 has been some sort of challenging year for Pandora. The 2017 results are towards the targets we set ourselves from the outset of the year, but we have been, of course, disappointed to certainly not fully reach the targets, ” reported Friis.

A challenging US retail climate in addition to unfavorable currency developments contributed towards revenue shortfall, Pandora Black Friday 2018  according to the particular CEO.