‘Cornerstone Principles’ Will Guide Zale Growth, Says Raff

Zale Corp., the world's largest specialty retailer of jewelry, has a new boss, and her name is Beryl B. Raff. She's the first woman to head Zale and one of the few top female execs in the male-dominated jewelry industry. Raff, Zale Corp.'s former president and chief executive officer, was named chairman and chief executive officer of the company on Aug. 30 by Zale's board of directors. She received the appointment following the retirement of her mentor and friend Robert J. DiNicola, who guided Zale back to industry leadership and profitability after its bankruptcy in the early 1990s. Alan Shor, formerly executive vice president and chief operating officer, replaced Raff as president and chief operating officer. In 1999, DiNicola announced his intention to step down to facilitate an orderly transition while positioning Zale for continued growth. During the following year, he prepared Ra
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