Tiffany & Co. has appointed David Ponzo as deputy chief executive officer, expanding its senior leadership team.

In the newly created role, Ponzo will assume responsibilities previously held by former chief commercial officer Gavin Haig, who exited the LVMH-owned jeweller last year.

Ponzo has been tasked with shaping Tiffany & Co.’s strategic priorities across its global retail and corporate commercial organisation. His responsibilities include oversight of all retail zones and commercial functions, as well as responsibility for the jewellery and high jewellery product division. The role also encompasses a newly established strategic business development function. 

He joins Tiffany & Co. from Louis Vuitton, where he most recently served as chief commercial officer for five years. Prior to that, Ponzo was president and chief executive officer of Louis Vuitton Japan, and earlier held senior leadership positions at Swatch Group and Omega in Asia.

Separately, Tiffany & Co. has promoted Thierry Vasseur to executive vice president of jewellery, high jewellery and home and accessories. In the expanded role, Vasseur will oversee product marketing and merchandising strategies.