RAPAPORT... Theo Killion, the president and CEO of Zale, will step down from his role on July 31 following Zale's acquisition by Signet Jewelers. Killion's departure from Zale comes less than two months after Signet closed its acquisition of the company. Killion was to remain on as CEO and president of Zale, leading Zale as a separate division, while reporting to Signet's CEO, Mike Barnes.
George Murray, Signet's current chief integration management officer, will succeed Killion and has been promoted to president of the Zale division. Signet announced a number of management changes. Among those, the chief financial officer (CFO), Ronald Ristau, resigned from his position and will be replaced by Michele Santana, who currently serves as Signet's senior vice president and controller.
Signet also promoted Ed Hrabak to president of the Sterling Division. Hrabak, Murray and Sebastian Hobbs, the managing director of the U.K. division, will all report to Mark Light, Signet's president and chief operating officer.
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