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NEWS GEMS

THE SCOOP

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Above: Fashion rings from the Layerings collection; below: diamond stacking bands

Morganite jewels from Jared’s Earthly Treasures Smithsonian line

JEWELRY LIGHTING SPECIALISTS

show. Light’s three-and-ahalf-year tenure as CEO proved surprisingly turbulent, marked by controversies over credit, stone switching, and sexual harassment. In the latest quarter, Signet’s comp sales fell 11.5 percent. Light is one of a number of Signet company veterans who have stepped down in the last year. Chief operating officer Ed Hrabak and chief merchandising officer Stuart Lee have also left. Hrabak’s replacement, Bryan Morgan, resigned in June due to unspecified “violations of company policy.” George Murray, Signet’s chief retail insights and

strategy officer, is considered the only old-timer left in Signet’s C-suite. Drosos’ elevation has been seen as a reflection of the increasing role the company’s board has been playing in Signet’s day-to-day operations, a change that some detractors perceive as the directors “managing from the boardroom.” In March, company chairman Todd Stitzer appeared on the Signet conference call to tell analysts: “The board and I have become much more actively involved with the business and will continue this enhanced level of involvement.”

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Profile for JCK Magazine

JCK 2017 September/October Issue  

JCK 2017 September/October Issue

JCK 2017 September/October Issue  

JCK 2017 September/October Issue