Tiffany's welcomes new board member

Tiffany & Co based in New York announced that its 

stockholders elected Robert S. Singer to its board of directors. He joins eight incumbent directors who were re-elected. He will chair the board's audit committee and replaces J. Thomas Presby who has reached the mandatory retirement age.

Singer, 60, has held a variety of senior level corporate positions including that of chief financial officer of Gucci Group NV. Earlier in his career, he was a partner at Coopers & Lybrand, the global accounting firm.

At the annual meeting, stockholders also approved the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm to audit the company's consolidated financial statements for the fiscal year ending January 31, 2013, and also approved the company's "say on pay" proposal related to compensation paid to the company's named executive officers.

Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The company operates Tiffany & CO. retail stores in the Americas, Asia-Pacific, Japan and Europe and engages in direct selling through the Internet, catalog and business gift operations.