Management shake-up at Signet Jewelers; Zale CEO Killion resigns

Hamilton, Bermuda -- Signet Jewelers Ltd. on Tuesday announced that Theo Killion, CEO and president of its newly acquired Zale division, has resigned, effective July 31.

Killion had been tapped to lead Zale as a separate division within the company, Signet said when the deal closed in late May. George Murray, Signet's current chief integration management officer, has been promoted to president of the Zale division and will succeed Killion upon his departure.

In other changes, Signet said Ronald Ristau resigned from his position as CFO, effective July 31, 2014. Michele Santana, currently Signet's senior VP and controller, has been promoted to CFO designate, effective immediately. Santana will succeed Ristau as CFO of Signet following his departure.

In other changes, Ed Hrabak has been promoted to president of the Sterling division.

No official reason was given for the departure of Ristau or Killion.

Signet completed a $1.46 billion acquisition of rival Zale Corp. in May 2014.


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