Richard Weisenfeld (pictured), president of the Jewelers Board of Trade (JBT), is retiring from the industry credit group, effective Aug. 31.
Weisenfeld, a longtime JBT director, has served as president since 2018.
Erich Jacobs (pictured below), who joined the group as vice president of information technology last December, will become its new president on Sept 1. He is the Providence, R.I.–based group’s third president since the longtime leader Dione Kenyon stepped down in 2016.
Jacobs currently has operational responsibility for all aspects of IT and collections. Prior to joining JBT, he had 20 years of technology, operational, and financial experience. He joins JBT from OnKöl, a health care solutions company, where he was chief executive and chief technology officer.
He received his bachelor’s degree in economics and his master’s degree in business from the University of Wisconsin.
In a statement, JBT chairman Michael Kaplan said that Jacobs’ background in technology and business is of great importance to JBT.
Weisenfeld said he was glad to have the opportunity to streamline and reorganize the group. He will continue to oversee the group and handle the leadership transition through Aug. 31.
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