DiNicola to Retire as Zale Chairman

Zale Corp., North America's largest fine-jewelry retailer, announced March 9 that Robert J. DiNicola will retire as chairman of its board of directors on July 31, the end of the company's fiscal year. Though he's leaving the board at the same time, DiNicola will continue to be an advisor to the corporation, said a Zale spokesperson. Longtime board member Richard C. Marcus will succeed DiNicola as chairman. Marcus has been a Zale director since 1993 and currently chairs its compensation committee. Marcus has a strong retail background, including 27 years with Neiman Marcus, the last nine as its chairman and chief executive officer. DiNicola previously retired as Zale's chairman in 2000 but returned as chairman and chief executive officer in early 2001 at the request of its directors when the corporation ran into financial difficulties. Mary Forte, Zale's president, succeeded him as Za
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