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Sterling Jewelers Announces Management Changes

Jul 2, 2012 4:09 PM   By Sterling Jewelers
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Press Release: Sterling Jewelers Inc., the largest specialty retail jeweler in the U.S., has announced a series of organizational changes.

Ed Hrabak, former senior vice president merchandising and general merchandise manager, has succeeded Bill Montalto in the position of executive vice president and chief operating officer. Montalto retired on June 30 after 26 years of service.  Stuart Lee has been promoted to senior vice president, merchandising and general merchandise manager, and Dawn McGuire has been promoted to vice president, merchandising.

Sterling also announced that Judy Fisher, the director of merchandising for the Jared retail division, has been promoted to divisional vice president of merchandising for the mall division, and Laurie Kosarik, the director, corporate timepieces and merchandise planning allocation and development, has been promoted to divisional vice president of merchandising for Jared.

The company also announced that Laurel Kruger has joined the organization as vice president, associate general counsel. In this role, Kruger will be responsible for managing legal services globally for commercial matters, including those related to complex corporate and commercial transactions, strategic long-term partnerships and key strategic initiatives.

In addition, Sterling announced changes that reflect the organization’s continued transition to better align with the company’s strategic vision and corporate initiatives.

• Lynn Dennison, formerly Sterling’s senior vice president, legal, compliance and risk management, assumed the newly established role of senior vice president of corporate affairs and general counsel for parent-company Signet Jewelers Limited.

•    Kevin Valentine, vice president, loss prevention and internal audit for Sterling, has assumed the new role of vice president, internal audit and risk management for Signet.

• David Bouffard, vice president, public relations for Sterling has assumed the new role of vice president, corporate affairs for Signet.

About Sterling Jewelers Inc.

Akron, Ohio-based Sterling Jewelers Inc. operates more than 1,328 stores in all 50 states trading as “Kay Jewelers,” “Jared the Galleria of Jewelry” and a variety of regional names, employing more than 17,000 associates. Kay Jewelers is the number one-specialty jewelry brand in the U.S. Sterling is a subsidiary of the Bermuda-domiciled Signet Jewelers Limited, the largest specialty retailer jeweler in the US and the UK.

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