New deputy CEO announced at Tiffany & Co.

David Ponzo has left Louis Vuitton to become deputy chief executive officer at Tiffany & Co. 

Having served as chief commercial officer at Louis Vuitton for the past five years, Ponzo’s prior experience also includes a 15 year stint at Swatch Group.

Vacating the position at Tiffany is Gavin Haig, who left his role last year. 

Reported initially by fashion journal WWD, the brand’s CEO said to the publication: “David is a highly respected leader with an exceptional ability to combine strategic vision, commercial excellence and a deep understanding of the luxury client. His global experience and passion for retail excellence will be instrumental as we continue to elevate Tiffany & Co. and accelerate our long-term growth.”

As part of the shakeup, Thierry Vasseur, who has been with the brand for over four years in New York, has been promoted to executive vice president of jewellery, high jewellery, and home and accessories at Tiffany & Co.