Blue Nile Announces Change in CFO Appointment

By JCK Online Staff -- JCK Online, 7/17/2007 10:14:00 AM

Blue Nile, Inc. on Tuesday said that Scott Devitt has informed the company that he will not be joining Blue Nile as chief financial officer, as previously announced by the Seattle-based Internet jewelry retailer on June 29.

"Scott has had a change of heart based on personal considerations, with the relocation of his family weighing heavily in his decision. While we are disappointed that Scott will not be joining the Blue Nile team, we respect his decision related to the needs of his family," said chief executive officer, Mark Vadon.

The company said it will renew the CFO recruitment process that was previously underway with a leading executive search consulting firm. Diane Irvine will remain the CFO of the Company, in addition to her duties as President, until the search for a new CFO has been completed.

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