Forte, Leonard Out

After months of disappointing sales and earnings and falling market share, Mary L. Forte, 55, has resigned as president and chief executive officer, and from the board of directors, of Zale Corp., North America’s largest jewelry retailer. Also leaving the company are Paul Leonard, a longtime Zale veteran and former president of Zales Jewelers and, prior to that, Piercing Pagoda; and Charleen Wuellner, senior vice president, corporate services and, before that, president of Gordon’s Jewelers and Zale Outlet. Zale’s directors appointed Betsy Burton, 54, a business turnaround specialist and board member since 2003, as interim CEO until a successor is named. She became the fourth CEO of Zale, based in Irving, Texas, since 2001. Burton earned her reputation for reviving businesses as CEO of several companies, including Supercuts, PIP Printing & Document Services, and Cosmetic Cent

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