Tiffany & Co. (TIF) Taps Canadian Pacific's Erceg as CFO

September 13, 2016 6:41 AM EDT

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Tiffany & Co. (NYSE: TIF) has appointed Mark Erceg to become its next executive vice president and chief financial officer, responsible for the Company’s worldwide financial, indirect procurement and information technology functions.

Mr. Erceg, 47, will be based in New York and will report to Frederic Cumenal, chief executive officer. His appointment will become effective on October 18, 2016. He replaces Tiffany’s former chief financial officer who left the Company in May to pursue a position at another company.

Previously, Mr. Erceg has been employed at Canadian Pacific Railway Limited, where he has served as executive vice president and chief financial officer since May 2015. From 2010 - 2015, he was the chief financial officer for Masonite International Corporation. He began his career at The Procter & Gamble Company in 1992 where, over 18 years, he served in positions of increasing responsibility in finance, market strategy, customer response, general management and global investor relations.

“Mark brings an operational process orientation and a broad financial, international and consumer brands background to Tiffany,” said Mr. Cumenal. “As the new leader of our multi-talented finance, procurement and information technology organizations, his varied experience and global perspective will be important as we continue to work toward strengthening Tiffany’s luxury brand position around the world and enhancing our profitability and productivity.”

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