The Tous jewelry firm has renewed the board of directors to boost growth with the entry of four independents that replace the current three and one of the representatives of Partners Group, which has 25% of the shares. The new independents are Martin Brok (former Global Chairman and CEO of Sephora), Patricia Sancho (former CEO of Temperley London), Pierre Denis (former CEO of Jimmy Choo) and Steve Davis (former Chairman of Fanatics).
The council is completed by Alba, Rosa and Laura Tous and two executives from the group, as well as the secretary of the council.
Javier Martín leaves on behalf of Partners, although he will remain a permanent guest on the board. Except for the latter, the other three outgoing directors had exhausted their mandate: Beatriz González-Cristóbal, Luis Bach and Nacho de Pinedo.
The president of Tous, Alba Tous, assured this Tuesday that the new team will work to consolidate the business and promote “global growth”. The board of directors meets six times a year, normally in Manresa. The external ones will also be part of the audit, appointments and sustainability committees.
Regarding the future of the partner Partners Group in the shareholding, Tous assured that there is no exit date (they have been in the capital for more than seven years) and that the idea would be to replace it with another fund. There are currently no plans to list on the market. “The IPO is not on the table,” he said. With the changes in the board, the company also seeks to comply with the best corporate governance practices. Regarding the evolution of the business in 2023, the CEO, Carlos Soler-Duffo, pointed out that it was a year of growth.
