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Former Pandora Australia managing director David Allen is returning to lead the company's Pacific division, which also includes New Zealand and Fiji.
Former Pandora Australia managing director David Allen is returning to lead the company's Pacific division, which also includes New Zealand and Fiji.

David Allen returns to lead Pandora Australia; Phil McNutt steps down

As part of Pandora Jewelry’s global restructuring, David Allen – who led Pandora Australia between 2012–2015 – will return to head up the new Pacific regional division, with current managing director Phil McNutt leaving the company.
Alexander Lacik, CEO Pandora Jewelry
Alexander Lacik, CEO Pandora Jewelry
"I’m grateful to have David take on a new responsibility and that we can continue to pull on his strength and business know-how"
Alexander Lacik, Pandora Jewelry

Allen had been based at Pandora’s global headquarters in Copenhagen, Denmark for the past five years, where he oversaw its Europe, Middle East and Africa operations.

When the restructuring was initially announced in March 2020, Allen was confirmed to be staying with the company in an unspecified role. Internationally, 180 redundancies were expected, with Kenneth Madsen, president Pandora Asia-Pacific, among those leaving the company.

At the time, a spokesperson for Pandora Australia told Jeweller that McNutt – who was appointed managing director in January 2019 – would take over as general manager of the new Pacific regional division, which includes Australia, New Zealand and Fiji.

Jeweller also previously contacted McNutt regarding potential job losses and staffing changes at Pandora Australia’s head office in Sydney, but those questions went unanswered. 

Pandora Australia's revenue has declined each year since 2017. Throughout 2019, revenue fell by double digits each quarter; the most significant drop was in the three months to November 2019, when it fell by 23 per cent.

David Allen, returning to Pandora Australia as general manager of the Pacific divisionPhil McNutt, outgoing managing director Pandora Australia & New Zealand

In his new role as general manager of the Pacific division, Allen will report to Pandora Jewelry’s new chief commercial officer, Martino Pessina.

Alexander Lacik, CEO Pandora Jewelry, said, “I’m grateful to have David take on a new responsibility and that we can continue to pull on his strength and business know-how.

"With David’s long standing experience with headquarter decisions and operations, the move is yet another step in us shortening the distance between headquarters and markets.”

The restructuring program is estimated to cost DKK1.3 billion ($AU288.3 million) and is designed to “reduce organisational complexity” and “ensure that feedback from consumers can more quickly fuel new concept creations”, according to Lacik.

 

More reading:
Pandora to cut 180 jobs in corporate restructure
Pandora Jewelry names new chief commercial officer
Pandora reveals re-branding details as sales fall again
 











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