Pandora appoints Paulo Garcia as chief financial officer

Jewellery manufacturer Pandora has appointed Paulo Garcia as its chief financial officer, succeeding Anders Boyer, who is set to retire on 30 November 2026 after 14 years with the business.

Garcia joins the company from Walmart Mexico and Central America, where he also served as chief financial officer. He brings over two decades of international executive experience, having also held senior financial roles at retail company Ahold Delhaize and consumer group Unilever. Pandora said Garcia’s experience is well positioned to support its next phase of growth.

The appointment follows Boyer’s decision to retire after helping lead Pandora’s financial and long-term growth strategy for over a decade. He joined the board in 2012 before becoming chief financial officer in 2018. The company has hailed his role in strengthening Pandora’s position as a global leader in the jewellery industry, recognised as chief financial officer of the year in Denmark in 2021.

Berta de Pablos-Barbier, chief executive of Pandora, said: “I am delighted to welcome Paulo Garcia to Pandora. 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.”

Garcia said: “I am excited and honoured to take on the role as CFO of Pandora. As the world’s largest jewellery 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 organisation to unlock the next phase of growth under Berta’s leadership.”

Boyer said: “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. 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.”