The news follows the groups COO, Tony Broderick, has decided to retire from the company after 40 years.
Broderick joined the group’s UK retail brand Goldsmiths in 1979 as a Supervisor in the Warehouse. He first joined the board of directors in 2000 and has served as a main board director since.
In 2009, he took on the role as chief operating officer for the group.
Brian Duffy, CEO, said: “During his time with the company, Tony has seen many ownership changes, management changes and market changes and his success is a tribute to his commitment, his personal adaptability and most significantly, the immediate respect and support that he commands.
“Tony will leave at the end of April, and until then will remain fully engaged and supportive of our business in the UK and US.”
The group has also announced David Hurley, in his role as executive vice president, will continue to lead the groups US division and with immediate effect.
Both Hurley and Bolton will report to Duffy.
Duffy added: “Our US business is performing very well and it is quite amazing what has been achieved in such a short time. David has been the architect and leader of this success.
“Craig brings to this newly created role 14 years of experience and significant success in our Group and under his leadership, our UK retail brands, Goldsmiths and Mappin & Webb have gone from strength to strength. “
He added: “We are well positioned as we move into 2020 with strong business momentum and exciting new growth opportunities in both the UK and US. This new structure will support these opportunities and we are fortunate to have Craig and David – two great business leaders”.