Colored gemstone and jewelry manufacturer STS Jewels, Inc., announced Tuesday the appointment of Stephen Ripp as president, filling the position left vacant after the death of Steve Heath. Ripp joined STS Jewels parent company Vaibhav Gems Ltd. in September. His role as STS Jewels president of the company, which specializes in Tanzanite, is effective immediately.
“Our Group has recently embarked upon major expansion initiatives in wholesale, holiday destination and electronic retail,” said Sunil Agrawal, chairman of VGL. “Stephen’s extensive senior-level operational experience at large and midsize corporations, along with his Six Sigma Black Belt qualification, provide a great foundation to support these initiatives as we grow to the next level.”
Ripp founded and served as president of Zurich Group, an international consulting firm providing financial, manufacturing, supply chain and business development expertise to under-performing and hyper-growth consumer products, industrial OEM and service businesses. Prior to his establishment of the Zurich Group, he obtained 25 years of international P&L, M&A, operations, finance and business development experience in major industrial and consumer products firms (including GE, Black & Decker, Sunbeam and Standard Brands).
“I am honored to be invited to lead the global STS Jewels business,” Ripp said. “I look forward to serving both the associates in the firm and our customers, and to differentiating STS Jewels as a provider of superior products and services within the jewelry industry.”
Ripp attended the USAF Academy and received a Bachelor of Science degree in mechanical engineering and economics as well as an MBA in finance from the University of Wisconsin. He has also engaged in post-graduate studies at Marquette University in mathematics and marketing and achieved a Six Sigma Black Belt certification from Villanova University. Ripp operates from STS Jewels headquarters in New York.