MajorsAug 04, 2026
Pandora Hires Former Signet Board Member to Lead North American MarketMajorsAug 07, 2026
Pandora Appoints Paulo Garcia as New CFO
Garcia will take over from the company’s current CFO, Anders Boyer, who is retiring at the end of November.
Paulo Garcia will step into the role of chief financial officer at Pandora on Dec. 1.
Copenhagen, Denmark—Pandora has appointed Paulo Garcia as its new chief financial officer.
Anders Boyer, who is currently in the role and has been with Pandora for more than 14 years, will retire on Nov. 30, writing on LinkedIn that he will “step back from executive life later this year and begin a new chapter focused on non-executive board roles.”
Garcia will start at Pandora on Oct. 1 and assume the role of CFO on Dec. 1.
Boyer will remain with the company until March 31, 2027, to support the handover and ensure a seamless transition, Pandora said.
Garcia, a Portuguese national, has 25 years of international executive experience leading consumer goods companies across Europe and Latin America.
He most recently was CFO at Walmart Mexico & Central America (Walmex), a separately listed subsidiary with $50 billion in revenue and 240,000 employees.
Prior to that, he was CFO, Europe & Indonesia for multinational retail company Ahold Delhaize and CEO, Europe for consumer goods group Unilever.
Pandora board chair Peter Ruzicka said the board worked closely with CEO Berta de Pablos-Barbier on “robust succession planning.”
“I want to thank Anders for his incredible contributions to Pandora during the past 14 years, and I wish him all the best in his next chapter as he retires from executive life,” Ruzicka said.
Related stories will be right here …
Anders Boyer, who is currently in the role and has been with Pandora for more than 14 years, will retire on Nov. 30, writing on LinkedIn that he will “step back from executive life later this year and begin a new chapter focused on non-executive board roles.”
Garcia will start at Pandora on Oct. 1 and assume the role of CFO on Dec. 1.
Boyer will remain with the company until March 31, 2027, to support the handover and ensure a seamless transition, Pandora said.
Garcia, a Portuguese national, has 25 years of international executive experience leading consumer goods companies across Europe and Latin America.
He most recently was CFO at Walmart Mexico & Central America (Walmex), a separately listed subsidiary with $50 billion in revenue and 240,000 employees.
Prior to that, he was CFO, Europe & Indonesia for multinational retail company Ahold Delhaize and CEO, Europe for consumer goods group Unilever.
Pandora board chair Peter Ruzicka said the board worked closely with CEO Berta de Pablos-Barbier on “robust succession planning.”
“I want to thank Anders for his incredible contributions to Pandora during the past 14 years, and I wish him all the best in his next chapter as he retires from executive life,” Ruzicka said.
De Pablos-Barbier said she was “delighted” to welcome Garcia to the company.
“He joins us with an excellent track record and deep financial expertise from senior roles in the consumer goods industry. He combines commercial and financial acumen with a strong focus on people and culture, while also bringing experience in digital transformation and the application of AI across business processes, making him the ideal candidate to further strengthen and build on Pandora’s financial performance,” she said.
De Pablos-Barbier continued, “I would also like to extend my sincere thanks to Anders Boyer for his extraordinary contribution to Pandora’s growth journey and for helping build the strong financial position the company enjoys today. He has been an outstanding CFO for Pandora and a trusted partner to me. On behalf of everyone at Pandora, I wish him every happiness in his retirement.”
Garcia said he is excited and honored to join Pandora as its CFO.
“As the world’s largest jewelry brand, the company represents an attractive and unique business model with industry-leading margins and very high cash generation. The company has significant growth potential, and I look forward to working closely with the whole organization to unlock the next phase of growth under Berta’s leadership,” he said.
Boyer joined Pandora’s board of directors in 2012 and was appointed CFO in 2018.
Together with former CEO Alexander Lacik, he led the company’s financial turnaround in 2019-2020 and established the Phoenix growth strategy in 2021.
During his tenure, he has been a key driver of Pandora’s strategic repositioning and transformation, the company said.
Since 2012, Pandora's revenue has grown by 389 percent, and total shareholder return has exceeded 2,000 percent, it said.
Boyer was recognized as CFO of the Year in Denmark in 2021.
“I leave Pandora with a deep sense of gratitude for the many colleagues I have worked with and immense pride in what we have achieved together. Pandora has undergone a significant transformation and is a very different company from when I joined,” Boyer said.
“I hand over to Paulo Garcia with great confidence, given his strong industry background and track record in global finance. I am certain that he is the right person to help drive the company’s continued growth. I now look forward to retiring from executive life and pursue a non-executive career.”
More on Majors
The Latest
Policies & IssuesOct 07, 2026
The Plumb Club Amplifies Its Voice as Geopolitical Pressures MountThe supplier organization recently joined JA and JVC to have more input on political issues affecting the jewelry industry.
CollectionsOct 07, 2026
Blue Nile, Royal Asscher Collection Highlights Natural Diamond BeautyBlue Nile, a Signet Jewelers-owned brand, is now Royal Asscher’s exclusive licensed retailer in North America.
CollectionsOct 07, 2026
4 Standout Pieces in Audemars Piguet’s First High Jewelry Collection “Royal Oak” pays homage to the brand’s most popular watch model using 18-karat gold as well as diamonds, emeralds, and sapphires.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionExperience gemstones with greater precision and comfort than ever before.
SourcingOct 07, 2026
AGTA Extends Deadline for 2026 Spectrum Awards EntriesParticipants now have until Oct. 14 to complete their submissions.
Weekly QuizOct 01, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Policies & IssuesOct 06, 2026
6 Charged in Connection to String of New Jersey Smash-and-GrabsThe alleged thieves used crow bars and sledgehammers to smash into jewelry stores across the state.
ColumnistsOct 06, 2026
Sherry Smith: Is the Consumer Really Trading Up?Ahead of the holidays, Smith urges jewelers to take a hard look at who’s buying jewelry, what they’re purchasing, and who’s stopped buying.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
SourcingOct 06, 2026
DDG Taps Influencers for ‘My Diamond Does Good’ CampaignIn the new consumer-facing campaign, four fashion and lifestyle creators share the stories behind their natural diamond pieces.
Events & AwardsOct 06, 2026
JIS Fall Returns to MiamiThe 2026 edition will feature presentations on alternative materials and design trends, as well as pop-up activations on the show floor.
SourcingOct 05, 2026
De Beers to Take Full Ownership of Gahcho KuéIt is the last fully operational diamond mine in Canada following the recent closures of Ekati and Diavik.
AuctionsOct 05, 2026
The Star Cats of the Sandy Lerner AuctionThese jewels stood out at Bonhams’ sale of the cat-loving tech entrepreneur’s collection of objects depicting the feline form.
CollectionsOct 05, 2026
Sorellina Writes Another Love Letter for ‘Postscript’ CollectionThe fine jewelry brand has expanded the collection that debuted at Couture with four new designs based on its most popular styles.
SourcingOct 05, 2026
Bruce Bridges Joins CIBJO BoardThe AGTA president was elected for a two-year term on the board of directors.
SourcingOct 02, 2026
De Beers, National Geographic Society Renew Okavango Eternal Partnership The partnership, a pledge to protect Africa’s Okavango River Basin, has been extended for an additional five years.
MajorsOct 02, 2026
Pandora Opens New $150M Manufacturing Facility in VietnamThe new facility, its first outside of Thailand, will boost its manufacturing capacity by 50 percent.
TrendsOct 02, 2026
Hearts On Fire Celebrates 30th Anniversary With Heart PendantThe special-edition “Dream” pendant, our Piece of the Week, was created to mark Hearts On Fire’s 30-year milestone with 30 diamonds.
CrimeOct 01, 2026
Police Looking for 4 Suspects in $600K Smash-and-Grab RobberyDubai Jewelers in Springfield, Virginia, was once again the target of an armed robbery.
SurveysOct 01, 2026
Rolex Ranks Among Most Recommended Brands in US, Survey Says YouGov’s 2026 U.S. Most Recommended Brands report’s out, and a fast-fashion giant is sitting at No. 1 while Rolex is just shy of the top 5.
SourcingOct 01, 2026
Columbia Gem House Opens ‘Cutting Toward Change’ FundraiserProceeds from its jewelry raffle will benefit an organization working in India to combat silicosis, a lung disease affecting stone cutters.
TrendsOct 01, 2026
Carolina Hurricanes’ Championship Ring Reveals Hidden Hockey Puck PendantThe rings, crafted by Jason of Beverly Hills, celebrate the hockey team’s Stanley Cup win with design elements that honor its traditions.
TrendsOct 01, 2026
Amanda’s Style File: October’s Color Range This roundup of birthstone jewelry for October features vibrant tourmalines and opals with personality.
SourcingSep 30, 2026
Botswana’s President, De Beers CEO Say Diamond Demand Is RecoveringPresident Duma Boko spoke at back-to-back events in the city last week, touting Botswana’s stability and the diamond “bounceback.”
CollectionsSep 30, 2026
Oscar Heyman’s Holiday Book Is ‘A Living Archive’ The catalog showcases 112 new, one-of-a-kind pieces amid highlights from the jeweler’s historic archive.
SourcingSep 30, 2026
Gemfields Posts $98.5M Loss, Writes Down Value of Ruby MineIts Montepuez Ruby Mining operation in Mozambique, which is not yielding enough high-quality rubies, has taken a $125 million hit.
SurveysSep 30, 2026
Consumer Confidence Falls to 12-Year Low in SeptemberThose surveyed were worried about the present and the future, with write-in responses mentioning high oil and gas prices.
Events & AwardsSep 30, 2026
Jewelers of America, JA New York to Host Networking EventThe event will take place on the evening of Oct. 26 in New York City.
