Daniel’s Jewelers, the Culver City, Calif.–based retail chain, has named Joseph Donaghy its chief financial officer.
Donaghy was previously with Ultra Diamonds, where he served as executive vice president, chief administrative officer, and chief financial officer. He has also held senior positions at Friedman’s Jewelers and Crescent Jewelers.
“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.”
Art Ronci, currently senior vice president at Daniel’s, has been promoted to chief operating officer.
Daniel’s was acquired by a Palladium Equity Partners, a private equity firm, in November. The firm shared plans to expand outside California, and Rob Bates, JCK’s news director, spoke with Sherwood and Palladium executives about the possibility of reviving the national credit jeweler.