The industry rumors are true: William Montalto, the highly regarded former chief operating officer of Sterling Jewelers, is returning to the company to help with its Ultra Stores acquisition.
Montalto’s return comes less than six months after his June retirement, following 26 years with the company. However, contrary to industry talk, Montalto is returning only as a consultant to aid with the new acquisition’s integration into Sterling. Danny Marks remains president and CEO of Ultra, reporting to Sterling’s president and CEO, Mark Light.
“Montalto’s expertise in systems integration and business process development is well suited to this important project,” says Sterling spokesman David Bouffard.