Zale President And CEO Theo Killion Resigns
July 02, 14
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George Murray, Signet's current Chief Integration Management Officer, has been promoted to President of the Zale Division and will succeed Killion upon his departure.
In addition, the company has announced that Ed Hrabak has been promoted to President of the Sterling Division. Murray, Hrabak, and Sebastian Hobbs, Managing Director of the UK Division, will all report to Mark Light, Signet President & Chief Operating Officer.
"George and Ed have more than 40 years combined at Signet and bring a wealth of retail management experience to their new roles.
Signet also announced today the resignation of Ronald Ristau as Chief Financial Officer (CFO), effective July 31.
Michele Santana, currently Signet's Senior Vice President and Controller, has been promoted to CFO Designate, effective immediately, and will succeed Ristau as CFO of Signet following his departure.
Santana, a certified public accountant, joined Signet in 2010 and has served as Senior Vice President and Controller since that time. Signet said she has played "a key role in all aspects of the finance function, including Signet's recent acquisition of Zale Corporation".
Prior to joining Signet, she held key positions at KPMG LLP where she had nearly 14 years experience working with Signet and its divisions, as well as other large international public companies, in an advisory-related role.
Mike Barnes, Signet's Chief Executive Officer, stated, "Michele has been a key member of the Signet leadership team during a period of exceptional success and growth. She brings outstanding qualifications and experience in all aspects of finance to the company."
Commenting on Ristau's resignation, Barnes stated, "Since he joined Signet in 2010, Ron has been instrumental in Signet's strong growth and performance, and he played a critical role in Signet's recent acquisition of Zale. We respect his decision to relocate to be nearer to his family."