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Zales shakes up management


Dallas Struggling retailer Zale Corp. said Wednesday its CEO Neal Goldberg and other executives have left the company. The retailer said that in addition to Goldberg, chief merchandising officer Mary Kwan and chief stores officer William Acevedo have also quit, effective immediately.

President Theo Killion will now also serve as interim CEO of Zale, which operates and about 1900 Zales jewelry stores in the United States, Canada and Puerto Rico.

Chief stores officer William Acevedo and chief merchandising officer Mary Kwan also left the company.

Gil Hollander, executive VP and chief sourcing and supply chain officer, has assumed the additional role of chief merchandising officer.

The company did not say why the management changes were made, but said they will "help facilitate renewed focus on Zale's core diamond business."

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