A former P&G executive is slated to be Tiffany’s new financial chief. Effective October 18, Mark Erceg will take over as the prestigious retailer’s next executive vice president and CFO, responsible for the company’s worldwide financial, indirect procurement and information technology functions.
Tiffany intends to strengthen its luxury brand position around the world and enhance its profitability and productivity with Erceg at the helm, according to a company statement
Erceg, 47, will be based in New York and will report to Frederic Cumenal, chief executive officer. He replaces Tiffany’s former chief financial officer who left the company in May to pursue a position at another company.
Previously, Erceg was employed at Canadian Pacific Railway Limited, where he 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.