Sten Daugaard, who held the position of executive vice president and chief development officer, joined the Danish company in January 2012. He was responsible for corporate strategy and development and had been part of Pandora’s executive board.
Daugaard has reportedly left the role in order to pursue a career as a non-executive director on a variety of boards.
Pandora chairman Allan Leighton said: "I would like to thank Sten Daugaard for his commitment and contribution to Pandora. Sten has brought considerable international experience to the company and has been instrumental in building the current strategy for our German and Asian businesses."
As Jeweller reported in April, the company’s CEO Bjørn Gulden quit his position to head up sportswear company Puma – after a little more than 12 months in the top job. The move will be effective as of 1 July. Leighton has been appointed new CEO.
At the time of publication, a replacement for Daugaard had not been announced. The resignation is said to have no impact on the jewellery brand’s 2013 financial outlook.
Pandora jewellery is sold in more than 70 countries and is headquartered in Copenhagen, Denmark. Its four largest markets are the United States, United Kingdom, Australia and Germany.
More reading: