Zale Corp appoints Betsy Burton as President & CEO
24 Jul '06
3 min read
Zale Corporation the largest specialty retailer of fine jewelry in North America, announced that Betsy Burton has been named President and Chief Executive Officer, effective immediately.
Ms. Burton, who will continue as a member of the Board of Directors, has served as acting CEO since February 2006. Following a comprehensive search to identify highly qualified candidates for the position of CEO, the Board reached the conclusion that Ms. Burton is the ideal person to lead the Company.
Richard C. Marcus, Chairman of the Board of Directors, said, "Betsy has done a superb job running the Company since February. Under her leadership, we are moving forward with a customer-centric strategy that leverages our fundamental strengths to regain market share, improve profitability and create value for shareholders. Betsy is an experienced executive with an outstanding record of leadership and a deep knowledge of Zale. Along with the strong management team we have put in place in recent months, Zale now has the right leadership to realize our long-term growth potential."
Ms. Burton said, "I'm excited about the opportunity to continue the work we've begun. We are already seeing tangible evidence of progress across all brands, and I look forward to building on that momentum through the important Holiday Season, while laying a foundation for long-term success. We've got great brands and a team of associates who are dedicated, enthusiastic and proud to be a part of Zale."
marketing@alchempro.com
