Children's Place president resigns, joins Zale Corp.

SECAUCUS, N.J. and DALLAS Neal Goldberg has resigned as president of The Children's Place brand to become president and ceo of Zale Corp., the two companies reported today in separate press releases.

Goldberg will succeed Betsy Burton, who is stepping down from her management and board positions, Zale Corp. reported. He will also join Zale Corp.'s board of directors.

The Children's Place reported that Chuck Crovitz, interim ceo of The Children's Place Retail Stores will oversee The Children's Place brand until a permanent replacement is found.

In addition to serving as president of The Children's Place, Goldberg has also held senior roles at Macy's, Victoria's Secret and Gap Inc.

Goldberg said, "I am very excited about this opportunity to apply the skills I have developed over the past 27 years at leading specialty and department store retailers. My primary objective as ceo of Zale will be to drive value for the benefit of our shareholders, customers, employees, vendors and business partners. The company has identified several high-level strategies with respect to customer, product and return on capital discipline. I would anticipate reviewing these strategies for further refinement in order to reach our full potential. Fortunately, we will be working from a solid foundation of great brands, dedicated and enthusiastic associates, loyal customers and strong vendor relationships."