Zale Senior VP Gordon Resigns
July 07, 09 U.S. jewelry retailer Zale Corp. announced changes in its top management with the departure of two key executives. Senior Vice President, Controller and Chief Accounting Officer Cindy Gordon resigned on June 24, the company said in a Securities filing. She will be replaced by Jim Sullivan. Sullivan has served as Vice President, Financial Reporting and Compliance since joining the company in January 2007. Zale is also parting ways with Executive Vice President, Chief Marketing and E-Commerce Officer Steve Larkin, entering a into a Separation and Release Agreement. Larkin will receive severance pay of $651,693, payable over an 18 month period. His contract ended June 4. Larkin has agreed to certain non-competition and non-solicitation provisions for a period of 18 months following the end his employment with the company. The company did not provide any background about the departures