HALISTER: Tiffany, Jana Partners to Appoint Three Independent Directors

Tiffany, Jana Partners to Appoint Three Independent Directors

(Bloomberg) -- Tiffany board to expand to 13 directors from 10 with new additions.
  • New directors are Roger Farah (Tory Burch co-CEO), James Lillie (former CEO of Jarden) and Francesco Trapani (former CEO of Bulgari)
  • Trapani will join board’s nominating and corporate governance committee and search committee to oversee previously announced search for new CEO
  • Will also limit waivers under retirement age provisions; one current director won’t stand for reelection at 2017 shareholder meeting and two current directors won’t stand for reelection at 2018 meeting
  • NOTE: TIF on Feb. 17 closed at highest since August 2015
  • NOTE: Feb. 6, TIFFANY STREET WRAP: CEO Resigns, Estimates Called ‘Optimistic’
Statement Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
746225Z US (JANA Partners LLC)
TIF US (Tiffany & Co)
3351621Z US (Tory Burch LLC)

People
James Lillie (Jarden Corp)
Roger Farah (Tory Burch LLC)
Francesco Trapani (Francesco Trapani Srl)

Topics
Management Changes
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