// Tiffany & Co exec board member exits company
// Last week, LVMH acquired the jewellery retailer for £12.60bn
// Trapani had joined Tiffany in March 2017
Tiffany & Co executive board member Francesco Trapani has exited from his role a week after French luxury conglomerate Moët Hennessy – Louis Vuitton (LVMH) acquired the jewellery retailer for £12.60 billion.
The file noted that Trapani is resigning in order to pursue other opportunities, and not as a result of any disagreements.
Trapani joined Tiffany in March 2017 through a partnership with activist investment firm Jana Partners, with both partners initially taking a 5.1 per cent stake.
READ MORE: LVMH buys Tiffany for €14.7bn
He has reported directly to Tiffany chief executive Alessandro Bogliolo since he was appointed in 2017.
Both Trapani and Bogliolo had worked at Italian jewellery retailer Bulgari for 16 years.
Trapani had served as chief operating officer, where he worked under Bulgari’s founding family: brothers Paolo and Nicola Bulgari, and Bulgari’s great-grandson Sotirio Bulgari.
When Bulgari was acquired by LVMH for around $5.2 billion (£4 billion) in 2011, Bogliolo was transferred to Sephora.
Trapani’s resignation is effective immediately, according to a SEC filing made on November 26.
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