Austonia AM
×
becomeMemberIcon

become a member

(CC)

Multi-millionaire entrepreneur Kendra Scott will pass on her role as CEO of her namesake jewelry company to company president Tom Nolan, the company announced Monday.


Scott has been the CEO of the jewelry empire since its founding in 2002. She will remain the executive chairwoman, majority owner and the leader of the company's design, customer experience and philanthropy efforts.

Nolan was brought on to the company's board in 2014 and has transitioned between different roles until becoming the company president in 2019. With more than 20 years of professional experience, Nolan previously held roles at Ralph Lauren and Conde Nast.

(Kendra Scott)

In a statement, Scott wrote: "During this extraordinary time of retail transformation, there has been no better person to partner with me on building the brand and the business. Tom is an experienced executive with a relentless focus on the customer, operational rigor, and strong expertise in digital transformation. With Tom at my side as CEO, I can continue to focus on what I have always seen as the core of the brand – great design, strong philanthropic impact and a continued commitment to our customer."

Scott created her brand from a spare bedroom in Austin, which has since developed into a powerhouse company with sales of about $360 million, according to Forbes. There are more than 110 Kendra Scott stores, including multiple in Austin.

Nolan worked alongside Scott on the company's flagship launch on South Congress after private equity firm Berkshire Partners invested $1 billion in the company.

"Kendra's vision, sense of purpose, and design ability are second to none and I am both humbled and grateful for the trust she has in me to assume this role. The retail industry is constantly evolving, and I'm thrilled to continue to work alongside Kendra in this new role to not only provide sustainable value, but also with a shared responsibility to serve our customers and continue to positively impact people's lives every day through our philanthropy efforts," Nolan said in a statement.

Popular

Black Pumas will be returning to Stubbs after their tour date there was postponed last year. (Merrick Ales/Black Pumas)

After a long, long year without live music, Austin has waited patiently for a return that has finally come. Festivals are planning returns and even venues that adhered strictly to safety protocols during the pandemic are feeling safe enough to gather again in person.

Starting in just a few short days, you can finally enjoy what makes Austin, well, Austin again. Here are a few of the live shows to look forward to.

Keep Reading Show less

We asked you what you wanted and you told us. More newsletter!

Austonia launched its new and improved newsletter today. You can expect:

  • 100% Austin news, info and entertainment
  • Sent straight to your inbox at 6 a.m. every morning
  • In 5 minutes or less, you're fully informed and ready for a great day

Sign up here:

(Dolce Neve)

For Marco Silvestrini, gelato takes him back to his childhood when he and neighborhood kids in a small Italian town would end their day at the local gelato shop. It was part of what made some of the best memories for him.

Keep Reading Show less