Zale names Matthew Appel as CFO, executive VP

By Associated Press
May 27, 2009 | Comments (0)

Recs

0

Jewelry retailer Zale Corp. said Wednesday that it named Matthew Appel as chief financial officer and executive vice president.

Appel, 53, takes over from interim CFO Cindy Gordon, who took on the role when Rodney Carter resigned in January. Gordon also maintained her controller duties during that time.

While Appel's executive vice president duties are effective immediately, he will not step into the CFO role until June 15, after the company files its quarterly report. Appel previously served as vice president and CFO at ExlService Holdings Inc.

He will report to Chief Executive Neal Goldberg.

In February Zale said it planned to close 115 stores and cut 245 jobs. The company runs more than 2,050 retail locations in the U.S., Canada and Puerto Rico.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 907193, ~/Articles/ArticleHandler.aspx, 11/10/2009 5:40:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

The Must-Read Story on Fool.com
Health-Care Reform: A Tale of Two Chambers

By The Motley Fool

Health-Care Reform: A Tale of Two Chambers

Related Tickers

11/9/2009 4:02 PM
ZLC $5.51 Up +0.83 +17.74%
Zale Corp CAPS Rating: *
EXLS $17.20 Up +0.28 +1.65%
ExlService Holding… CAPS Rating: **

Community: Investing Wiki

Term Of The Hour

Generally accepted accounting principles: Generally accepted accounting principles, more commonly known as GAAP, are the mandated accounting standards used to ensure a basic level of financial reporting consistency among public company|public companies.

Want to learn more or edit this definition?
Click here to read more!