AUSTIN (Talk1370.com) -- Austin jewelry maven Kendra Scott will step aside from her role as CEO of her namesake company after nearly 20 years, according to details released Monday.
Scott will remain in the role of executive chairwoman, and will continue to be the company's majority owner and shareholder - as well as leading design, customer experience, and philanthropy efforts for the company.
Tom Nolan, who has been with the company in various roles for the past seven years, including president since 2019, will assume the CEO role.
"During this extraordinary time of retail transformation, there has been no better person to partner with me on building the brand and the business," Scott said in a written statement. "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 launched her jewelry line in a spare bedroom in 2002 with just $500, building the business into an empire with 110 standalone stores, more than 2,000 employees, and products in more than 600 boutiques and department stores.
