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Updated: 11/30/2009 4:03 PM					Sponsored by:
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Zale names Matthew Appel as CFO, executive VP

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

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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.

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