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Amid Recent Struggles, Signet Jewelers Names New CEO To Succeed Mark Light

Shares of Signet Jewelers (SIG) are in focus in morning trading after the company said Chief Executive Officer Mark Light would be succeeded by named Virginia Drosos on August 1. The appointment comes after the company reported quarterly earnings below expectations in May, disclosed the resignation of its COO, announced plans to outsource its credit portfolio and faced sexual harassment allegations.

CEO APPOINTMENT: Signet, the owner of Zale and Kay Jewelers, announced this morning that Mark Light, who has served as CEO of Signet since 2014, has decided to retire after more than 35 years with the company due to health reasons. Signet's board of directors has appointed Virginia "Gina" Drosos, who has served as an independent director of the company's board since 2012, as the company's new CEO. Drosos has over 29 years of executive leadership experience in the beauty and consumer goods industries, most recently serving as president and CEO of Assurex Health, Signet...