Tiffany CFO To Resign Next Week

Tiffany & Co.'s chief financial officer, Ralph Nicoletti, plans to resign effective May 20, the high-end jewelry retailer disclosed in a regulatory filing. Nicoletti became Tiffany's CFO April 2, 2014. The company said it will conduct a search for a successor. The stock, which was still inactive in premarket trade, had tumbled 13% year to date, while the S&P 500 has gained 1%.