Headquartered in Culver City, Daniel's Jewelers announces that Joseph Donaghy has joined the company as its new Chief Financial Officer.
Prior to joining Daniel's Donaghy served as Executive Vice President, Chief Administrative Officer, Chief Financial Officer, and member of the Board of Directors of Ultra Jewelers, prior to and immediately after the acquisition of Ultra Jewelers by the Signet Group.
Prior to Ultra Donaghy served in senior operating positions at Friedman Jewelers and Chief Financial Officer of Crescent Jewelers.
As part of the announcement Art Ronci, the company's Senior Vice President, was promoted to Chief Operating Officer and will retain responsibility for credit and collections operations, management information systems, customer service and corporate administration.
"Joe is a veteran player in the jewelry retail industry and will be a huge asset as Daniel's executes its growth plan, including opening new locations and pursuing strategic acquisitions, both inside and outside of California," said Chief Executive Officer, David Sherwood.
"It is strong recognition of the Daniel's organization and its prospects to have this proven executive join our team."
"I am delighted by the unique opportunity that Daniel's presents,” said Donaghy. “This is a company with a strong brand, great leadership team, excellent financial backing, and a vision that I believe in. I look forward to being part of the company's expansion and continued success."
Daniel's is a specialty jewelry retailer with 74 locations located throughout California. Backed by private equity group Palladium Equity Partners, Daniel's is a family-operated business with a focus on the middle market of the jewelry customer.
For additional information, please visit http://www.danielsjewelers.com.
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