The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Pandora Names Sixth CEO Since 2010
Alexander Lacik has decades of experience in consumer goods, most recently as CEO of child safety product company Britax Ltd.
Copenhagen, Denmark—Pandora’s board of directors has hired Alexander Lacik to be the company’s new president and CEO.
He succeeds Anders Colding Friis, who left the position in August after less than four years at the helm.
Lacik is the company sixth CEO since 2010, when it went public.
The company said Lacik’s strong track record in consumer marketing and brand building will help drive the execution of Pandora’s two-year turnaround plan that includes buying back inventory from wholesale partners and cutting back on both promotions and the size of sell-in packages for retailers.
He will join the bead and jewelry company as soon as possible.
Lacik has decades of international experience at global consumer companies, including most recently serving as the CEO of British child safety product company Britax Ltd., which makes items like car seats, high chairs and strollers.
Prior to that, he worked at Reckitt Benckiser, a British company that makes health, hygiene and home products. He started in 2004 as a general manager and worked his way up to become president of the North American market from 2013 to 2017.
He also previously worked in sales and marketing with Procter & Gamble from 1992 to 2004, spending half of his time in beauty care and half in sales, covering positions like marketing manager haircare Europe, marketing drector Nordic and sales director Sweden.
Lacik has lived and worked in five countries, managing businesses in regions across the world and covering manufacturing, product development, sales, marketing and retail partnering.
“I am delighted that we have secured Alexander Lacik as CEO of Pandora,” said Peder Tuborgh, chairman of the board of directors. “Alexander is a brilliant marketer and brand architect and has throughout his career shown himself as a great leader and a highly effective executor. His skills and experience will be key to revitalizing the Pandora brand.”
After Lacik joins the team, Pandora’s executive management team will be comprised of Lacik as CEO, Chief Financial Officer Anders Boyer and Chief Operating Officer Jeremy Schwartz.
The company said Boyers and Schwartz will continue to run the company together until Lacik joins.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.