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Richline CEO Dennis Ulrich to Retire

May 13, 2018 7:30 AM   By Rapaport News
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RAPAPORT... Dennis Ulrich is retiring from his position as CEO of Richline Group, the company said Saturday.

Dave Meleski, the current president of Richline, will succeed Ulrich (pictured), who has held the position at the Warren Buffett-owned company for 11 years.

“I am leaving Richline in the very capable hands of Dave Meleski,” Ulrich said. “Dave and I have worked very closely, in all aspects of the business, and I am confident his leadership will bring Richline to many new and exciting successes in the future.”

Ulrich and Meleski began working together in 2007, when Buffett’s conglomerate, Berkshire Hathaway, acquired Ulrich’s Bel-Oro and Meleski’s Aurafin. The tycoon merged them with Richline, which he already owned. The deals helped Richline grow from a gold-jewelry business to one that also works with diamonds, gemstones and pearls, according to the company.

“I have enjoyed the past 11 years working in partnership with Dennis to create a business that we, our employees and Berkshire shareholders can be proud of every day,” Meleski added. “The path that Dennis has forged will be one that I look forward to [continuing].”

Ulrich will be staying with the company for an undisclosed period to assist with the transition, as well as to support key areas of the business.

Image: Richline Group
Tags: Aurafin, Bel-Oro, Berkshire Hathaway, Dave Meleski, Dennis Ulrich, Rapaport News, richline, warren buffett
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