Tiffany & Co. (NYSE: TIF) today announced that its stockholders elected
Robert S. Singer to its Board of Directors. He joins eight incumbent
directors who were re-elected. Mr. Singer, 60, has held a variety of
senior level corporate positions including that of chief financial
officer of Gucci Group NV. Earlier in his career, he was a partner at
Coopers & Lybrand, the global accounting firm. He will chair the Board’s
Audit Committee and replaces J. Thomas Presby who has reached the
mandatory retirement age.
Michael J. Kowalski, chairman and chief executive officer, said, “Bob
Singer is a valuable addition to our Board, bringing his global
perspective about luxury retailing and his expertise in the field of
auditing. We express our thanks and appreciation to Tom Presby for the
years of guidance and many insights that he contributed to our Board.”
At the Annual Meeting, stockholders approved the appointment of
PricewaterhouseCoopers LLP as the independent registered public
accounting firm to audit the Company’s consolidated financial statements
for the fiscal year ending January 31, 2013 and also approved the
Company’s “Say on Pay” Proposal related to compensation paid to the
Company’s named executive officers.
Tiffany & Co. operates jewelry stores and manufactures products through
its subsidiary corporations. Its principal subsidiary is Tiffany and
Company. The Company operates TIFFANY & CO. retail stores in the
Americas, Asia-Pacific, Japan and Europe and engages in direct selling
through Internet, catalog and business gift operations. For additional
information, please visit www.tiffany.com
or call our shareholder information line at 800-TIF-0110.
