The jewellery model Kendra Scott dismissed three of its prime executives this week, parting methods with chief government Tom Nolan, chief monetary officer Jason Friesen, and chief folks officer Danielle Stewart, ADWEEK has realized.

The corporate confirmed the departures in an announcement, which is included in full on the backside of the article.

“As a part of this transition, CEO Tom Nolan, CFO Jason Friesen, and CPO Danielle Stewart have departed the corporate,” stated a spokesperson for the corporate. “We’re grateful for the management, experience, and imaginative and prescient they delivered to Kendra Scott.”

The manager shuffle comes on the heels of an funding the brand received in September 2024 from the personal fairness agency 65 Fairness Companions. As a part of that fairness transaction, founder Kendra Scott elevated her majority possession within the firm.

Scott will now be returning to steer the corporate as interim CEO, in accordance with the corporate. She initially based the model in 2002 and served as its CEO till 2021 when she transitioned into the position of government chairwoman.

teaser-image

She will likely be joined in her return by Neal Bronzo, a longtime Kendra Scott government, who will step into the mixed position of interim CFO/COO. Beth Ley, a former member of the Kendra Scott management crew, will even return as CPO on Sept. 1.

Constructing on latest progress

The change comes amid a interval of fast growth and structural evolution for the Austin-based way of life and jewellery model.

Between 2023 and 2024, the corporate grew 30%, and noticed 20% year-over-year progress in 2024, now-former CEO Nolan told Fortune in March. The corporate additionally plans to open 25 new shops in 2025, increasing from roughly 150 places into West Coast, Northeast and Midwest markets.

Kendra Scott has not publicly shared actual income figures, however Nolan informed Fortune that it does “a number of hundred million {dollars} in income now.” Forbes has beforehand estimated its revenues to be greater than $500 million.

Positioned firmly within the “inexpensive luxurious” phase, Kendra Scott’s costs vary from underneath $50 to round $1,500 for lab-grown diamond items. The enchantment of Kendra Scott resonates throughout generations. This technique has helped the model thrive at the same time as opponents emphasised high-end, “loud” luxurious whereas many retailers trimmed their retailer footprints throughout a turbulent retail local weather.

Past its core jewellery strains, Kendra Scott has expanded its Western-inspired Yellow Rose accent idea, launched a perfume line, and pursued strategic collaborations with Barbie and Wrangler.