Jewellery maker Pandora to start search for new chairman

Pandora will start the search for a new chairman this year to replace Peder Tuborgh, the Danish jewellery maker said on Wednesday, as the company reshuffles its top ranks to help regain its competitive edge in a weak retail market.

The Danish charm-bracelet maker appointed Alexander Lacik as its new chief executive in February to turn the company around following a profit warning. It has faced a number of challenges, including a fall in shopper numbers at malls in its main markets and difficulties with new jewellery lines.

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Tuborgh will ask the company’s Nomination Committee to begin preparations in 2019 to appoint his successor, he said in a statement ahead of the company’s annual general meeting later.